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Manufacturing activity surges in January

Rochester Business Journal
January 15, 2014

Business activity expanded for New York manufacturers in January, and did so at a faster pace than in recent months, the Federal Reserve Bank of New York’s Empire State Manufacturing Survey shows.

The general business conditions index rose 10 points to 12.5, reaching its highest level since May 2012. This month, 35 percent of respondents reported that conditions had improved over the month, while 22 percent reported that conditions had worsened.

The new orders index climbed out of negative territory, rising 13 points to 11.0, a two-year high. The shipments index rose 11 points to 15.5, and the unfilled orders index rose 16 points to -8.5. The delivery time index was little changed at -8.5. The inventories index rose 24 points to 2.4, more than reversing last month’s sharp decline.

The prices paid index rose 21 points to 36.6, its highest level in more than a year. The prices received index rose 10 points to 13.4. The index for number of employees rose 12 points to 12.2, and the average workweek index rose to 1.2.

The index for future general business conditions was little changed at 37.5. The index for future new orders climbed nine points to 39.1, and the index for future shipments inched down to 30.6.

The index for future prices paid fell three points to 45.1, and the index for future prices received fell to 23.2. The index for expected number of employees rose to 20.7, and the future average workweek index climbed to 9.8. The capital expenditures index increased four points to 12.2, and the technology spending index also rose to the same level, 12.2.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 






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