Empire fed manufacturing index
- Prior month +9.1 (the expectations was for a decline of -2.8).
- The Empire manufacturing was the lowest since August
Details:
- New orders -11.3 vs -4.9 last month
- Shipments -6.4 vs +10.0 last month
- Prices paid 16.7 vs +22.5 last month
- Prices Received 11.5 vs +11.1 last month
- Employment -8.4 vs -4.5 last month
- Average Employee workweek -2.4 vs -3.8 last month
- Unfilled orders -24.0 vs -23.2 last month
- Delivery times -15.6 versus -6.1 last month.
- Inventories -5.2 vs +9.1 last month
Looking six-month forward:
- The six-month business conditions rose to 12.1 from -0.9 in November
- new orders 11.3 versus 4.6 last month
- shipments 15.8 versus 10.8 last month
- unfilled orders 5.2 versus 0.0 last month
- delivery time -1.0 versus -9.1 last month
- inventories led by four versus -10.1 last month
- prices paid 25.0 versus 32.3 last month
- prices received 27.1 versus 32.3 last month
- number of employees 10.9 versus 16.5 last month
- average play workweek 10.4 versus 12.1 last month
- capital expenditures 4.2 versus 3.0 last month
- technology spending 8.3 versus 0.0 last month
Weaker data in the present while the six-month forward data was mixed to higher.