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Conditions improve again for N.Y. manufacturers

Rochester Business Journal
June 16, 2014

Conditions improved significantly for New York manufacturers for a second consecutive month, the Federal Reserve Bank of New York’s Empire State Manufacturing survey shows.

After climbing to a multiyear high last month, the general business conditions index held steady at 19.3 in June. Forty percent of respondents reported conditions had improved over the month, while 21 percent reported that conditions had worsened.

The new orders index advanced eight points to 18.4, its highest level in four years. The shipments index fell three points but, at 14.2, still pointed to a significant expansion in shipments over the month. The unfilled orders index remained at -1.1. The delivery time index rose two points to 1.1. The inventories index rose seven points to 9.7.

The prices paid index fell three points to 17.2, and the prices received index fell two points to 4.3. After surging last month, the index for number of employees fell back to 10.8, while the average workweek index moved up seven points to 9.7.

The index for future general business conditions fell four points, but remained high at 39.8. The future new orders index climbed to 44.5, and the index for expected shipments rose eleven points to 45.2. The index for expected number of employees rose to 20.4, and the future average workweek index rose to zero.

(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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