Economy

Business Activity Flat in NY in April

April 15, 2014

Business activity was flat for New York manufacturers in April according to the Federal Reserve Bank of New York’s Empire State Manufacturing Survey. The main index for general business conditions fell four points to 1.3.

New orders declined slightly in April while the shipments index showed little change. The unfilled orders index was negative at -13.3. Delivery times quickened a little in April. The inventories index fell 10 points indicating a slight decline in inventory levels.

The prices paid index indicated a modest price increase for inputs, while the pace for selling price increases accelerated during the month. Employment levels and hours worked both rose slightly.

The six month outlook remained optimistic with the index for future general business conditions rising five points to 38.2. Future new orders slipped slightly but remained at a fairly high level of 32. Prices paid and received are expected to decline somewhat. The capital expenditures and technology spending are expected to increase in the next six months.

Below is an interactive graphic of the Empire State Manufacturing Index History and a three month moving average (3MMA), but it can only be seen when you are logged into the website and reading the newsletter online. If you need any assistance logging in or navigating the website, contact us at info@SteelMarketUpdate.com or 800-432-3475.

{amchart id=”140″ Empire State Manufacturing Index and 3MMA}