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Survey shows improving conditions for N.Y. manufacturers

Rochester Business Journal
August 15, 2014

Business conditions for New York manufacturers continued to improve in August, although the improvement was less widespread than in July, the Federal Reserve Bank of New York’s Empire State Manufacturing Survey shows.

The general business conditions index retreated 11 points to 14.7, after climbing to a four-year high in July. Thirty-one percent of respondents reported conditions improved over the month, while 17 percent reported they had worsened.

The new orders index slipped nearly five points to 14.1, but the shipments index edged up one point to 24.6—its highest level since March 2010. The unfilled orders index eased back to -8. The delivery time index fell five points to -5.7, and the inventories index fell another 11 points to -14.8.

The prices paid index rose two points to 27.3, and the prices received index inched up one point to 8. The index for number of employees slipped three points to 13.6. However, the average workweek index rose six points to 8.

The index for future general business conditions climbed 18 points to 46.8—its highest level in two and one-half years. The future new orders index surged 25 points to 50.4, and the future shipments index soared 30 points to 54.5. The index for expected number of employees rose six points to 22.7, and the future average workweek index edged up to zero.

The capital expenditures index jumped nine points to 18.2, and the technology spending index inched up to 12.5.

(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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