The Empire State Manufacturing Survey in May 2016 indicates that economic activity declined for manufacturers in New York. The general title index of business conditions turned negative, falling nineteen -9.0 points. New orders and shipments indexes also fell below zero, indicating a decrease in both orders and deliveries. The survey results indicate that stock levels are sometimes lower and shorter delivery.
IndexPrices paid fell slightly to 16.7-a sign that moderate input price increases continue, and the prices received index fell below zero, suggesting a small drop prices sale. Employment levels appeared to be little changed, while the average workweek index was a decline in hours worked. The outlook six months was slightly less optimistic than in April, and the index of capital expenditure fell to 3.1, its lowest in more than two years.
business conditions deteriorate
activity contracted for New York manufacturing companies, according to survey May 2016. After a brief foray into positive territory in March and Avril, the general index of business conditions fell below zero, the fall of nineteen -9.0 points. Nineteen percent of respondents said that conditions have improved over the month, while 28 percent said that conditions had worsened. The new orders index also turned negative, his point of seventeen- fall to -5.5 indicating a drop in orders. The index of shipments, down twelve points to -1.9, showed that deliveries were stable and the index of unfilled orders fell to -6.3. The index of delivery, to -6.3, said shorter delivery times, and the index of inventories to -7.3, suggested that inventory levels were lower.
Employment Levels Hold Steady, As the Workweek declines
The price paid index edged down three points to 16.7, indicating that input prices continued to increase at a moderate pace. The prices received index fell six points, to -3.1, as sales prices moved slightly lower. levels of employment remained relatively stable, the index for the number of employees with little change to 2.1, while the index of the average workweek fell by ten points to -8.3-proof week average labor was shorter this month.
capital expenditure index decreases sharply
clues to the outlook six months generally suggested that firms were slightly less optimistic about future conditions that they were in April. The index for future business requirements was little changed at 28.5, while the index for future new orders fell 22.4 fourteen points. future employment indices transmitted an expectation that employment levels and the average workweek would increase slightly over the next six months. The index for capital costs decreased nineteen paragraphs 3.1, its lowest level in more than two years, and the index of technology spending fell to 6.3.
New York Fed
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