Empire State Manufacturing Survey says STAGNATION!

Discussion in 'Economy' started by Neubarth, Dec 16, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    There is a monthly report on manufacturing in the Empire State Region of the US (New York State). It essentially showed that economic movement in that region is close to zero. Very little going on, and that does not bode well for the country. Why isn't the stimulus working? Where is the money going?

    Economic Calendar: Financial Calendars - Yahoo! Finance


    Empire State Manufacturing Survey

    The monthly survey of manufacturers in New York State conducted by the Federal Reserve Bank of New York.

    The Empire State Manufacturing Survey indicates that conditions for New York manufacturers leveled off in December, following four months of improvement. The general business conditions index fell 21 points, to 2.6. The indexes for new orders and shipments posted somewhat more moderate declines but also moved close to zero. Input prices picked up a bit, as the prices paid index rebounded to roughly its November level; however, the prices received index moved further into negative territory, suggesting that price increases are not being passed along. Current employment indexes slipped back into negative territory. Future indexes remained well above zero but signaled somewhat less widespread optimism than in recent months. Indexes for expected prices paid and received declined moderately but remained well above zero.
     

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