New York-area manufacturing survey highlights:
- Prior was 12.1
- New orders +9.1 vs +10.8 prior
- Prices paid +64.4 vs +57.8 prior -- highest since May 2011 (69.9)
- Six month conditions +36.4 vs +34.9 prior
- Employment +9.4 vs +12.1 prior
The sequence on prices paid for the past five months: 64.4, 57.8, 45.5, 37.1, 29.1. And it's not going down with commodity prices still sky high.
Overall, it's a good report that shows there is no let-up in manufacturing demand.
