Empire State Manufacturing Survey for December 2019

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (December 2019):

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Expected: +4.0

• Actual: +3.5

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

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The November 2019 figure was +2.9 

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From today's report:

"...Business activity was little changed in New York State, according to firms responding to the December 2019 Empire State Manufacturing Survey. The headline general business conditions index held steady at 3.5. New orders were also little changed, while shipments grew modestly. Delivery times were somewhat shorter, and inventories held steady. Employment continued to expand, though the average workweek was unchanged. Input price increases continued to slow, and selling prices increased slightly. Optimism about the six-month outlook picked up, and capital spending plans were notably stronger..."

About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

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Empire State Manufacturing Survey
General Business Conditions
December 2019 Update

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• Click here to view the full New York Fed report.

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• For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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