Empire Manufacturing Index Dives in AugustAugust 15, 2012 @ 8:40 AM EST
Economic Update: Empire Manufacturing
The August Empire State Manufacturing Survey indicates that conditions for New York manufacturers deteriorated over the month.
The Empire Manufacturing Index for July was reported at -5.85, which was below the consensus expectations for a reading of 6.5 and also last month’s reading.
July’s sub-zero reading was the first time the index dipped below zero since October 2011.
Last 12 months for reference:
- July: 7.39
- June: 2.29
- May: 17.09
- April: 6.56
- March: 20.21
- February: +19.53
- January: +13.48
- December: +8.19
- November: +0.61
- October: -3.00
- September: -8.82
- August: -7.72
Internal components of the report:
- New Orders: -5.50 vs. -2.69 in July (June: 2.18)
- Prices Paid: 16.47 vs. 7.4 in July (June: 19.59)
- Employment: 16.5 vs. 18.5 in July (June: 12.37)
The Empire Manufacturing Index is designed to indicate the state of the manufacturing sector in the New York region.
Other stories on the US Economy to review:
Retail Sales Rebound in July
PPI Hotter Than Expected in July
NFIB Small Business Optimism Sags
Wholesale Inventories Decline - And Yes, you should Care
Q2 Worker Productivity and Labor Costs Rise
ISM Services Perks Up
Job Growth Improves in July
Factory Orders Miss Mark in June
Challenger Planned Job Cuts Drop in July
ISM Manufacturing Still Sub-50 in July
ADP Employment Report Surprises to Upside in July
Consumer Confidence Perks Up in July, But...
Chicago PMI Headline BTE, But Employment Dives
Personal Income Up, Spending Flat in June
GDP Slows to 1.5% in Q2
Pending Home Sales Down in June
Durable Goods Up on Transportation Orders
Markit's Flash Manufacturing PMI Weakest in 19 Months
Philly Fed Down Again in July
LEI Falls Again in June
Existing Home Sales Fall in June
- Housing Starts Higher, Permits Lower in June
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