The November Empire State Manufacturing Index measures the level of a diffusion index based on surveyed manufacturers in New York state and is considered to be a leading indicator of economic health as it measures business activity, new orders, shipments, unfilled orders, inventories and hiring. Prices paid improved, but was offset with prices received as well. The current outlook saw conditions across the board getting worse.
Figure 1. Courtesy of the Federal Reserve Report
Figure 2. Courtesy of the Federal Reserve Report
Figure 3. Courtesy of the Federal Reserve Report
Figure 4. Courtesy of the Federal Reserve Report
The Forward looking report all categories improving (assuming due to the Christmas season), but the forward looking indicator from last report saw this month being better as well.
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