Economy
Empire State Index Declines for Second Month
Written by Brett Linton
September 15, 2015
The September 2015 Empire State Manufacturing Index declined for the second consecutive month, indicating a slowing in business activity for New York manufacturers.
The general business conditions index declined from -14.9 to -14.7. Prior to August,the index has been hovering around the zero point for four months indicating that business activity has been subdued.
Both the shipments and new orders indexes declined in September as they did in August. The shipments index declined from to -8.0, and the shipments index declined to -12.9. The inventories index declined to -18.5, pointing to a drop in inventory levels. The prices indexes showed a slight increase in input prices and a slight decrease in selling prices.
Employee numbers fell below zero for the first time in over two years, declining eight points to -6.2.
The index for future business conditions declined to 23.2, and indexes for expected new orders and shipments declined to similar levels. The future prices paid and received indexes both decreased.
Below is a graph showing the history of the Empire State Manufacturing Index. You will need to view the graph on our website to use it’s interactive features, you can do so by clicking here. If you need assistance with either logging in or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
Brett Linton
Read more from Brett LintonLatest in Economy
New York state manufacturing index drops again in April
Firms were pessimistic, with the future general business conditions index falling to its second lowest reading in the more than 20-year history of the survey
Construction adds 13,000 jobs in March
The construction sector added 13,000 jobs, seasonally adjusted, in March, but tariffs could undermine the industry.
Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them
ISM: Manufacturing expansion loses steam after two months of growth
US manufacturing activity slowed in March after two straight months of expansion, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.
Chicago Business Barometer rose to 16-month high in March
The Chicago Business Barometer increased for the third-consecutive month in March. Despite this, it still reflects contracting business conditions, as it has since December 2023.