|This email was sent to you by:|
Tonya W. Kenon |
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
ECON: Empire State Manufacturing Weaker Than Expected
Posted to: Micro News
Tuesday, October 15, 2013 8:49 AM
- Empire State Index 1.52 vs 7.0 forecast, 6.29 previously
- Employment Index 3.61 vs 7.53 previously
- New Orders 7.75 vs 2.35 previously
- Headline index lowest since May
- Market Reaction: small positive reaction, but tough to separate from Monday morning ramping-up of activity.
The October 2013 Empire State Manufacturing Survey indicates that business conditions held steady for New York manufacturers. The general business conditions index fell 5 points to 1.5. The new orders index rose five points to 7.8 and the shipments index fell three points to 13.1, suggesting that both orders and shipments increased modestly over the month. The prices paid index was unchanged at 21.7 and the prices received index fell six points to 2.4. Labor market conditions were also steady, with the index for number of employees falling four points to 3.6 and the average workweek index inching up to 3.6. Indexes for the six-month outlook continued to convey a strong degree of optimism about future business conditions.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.