Connect With PPD
Follow Us:
Sections: EconomyNews

Empire State Manufacturing Index Ticks Up In March, But Missed Expectations

The Empire State manufacturing index in New York state rose in the month of March, though at a slower rate than economists had forecast. New orders and inventories jumped, the New York Federal Reserve said in a report on Monday.

The New York Fed’s Empire State general business conditions index rose to 5.61 in March, up from 4.48 in the month of February.

The new orders index rose to 3.13 from a -0.21 prior, while inventories jumped to 7.06 from -5.0.

However, the employment gauges showed mixed signals. The index for the number of employees dropped to 5.88 from 11.25 and the average employee workweek index increased slightly to 4.71 from 3.75.

The index of business conditions six months ahead bottomed a bit to 33.21 from 38.99 in February.

The survey of manufacturing plants in the state is one of the earliest monthly guideposts to U.S. factory conditions, and precedes the Philadelphia and Midwest index.

READ FULL STORY

SubscribeSign In
Richard D. Baris

Rich, the People's Pundit, is the Data Journalism Editor at PPD and Director of the PPD Election Projection Model. He is also the Director of Big Data Poll, and author of "Our Virtuous Republic: The Forgotten Clause in the American Social Contract."

Share
Published by
Richard D. Baris

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

3 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

3 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.