Home > economics > FRBNY: “conditions for New York manufacturers deteriorated significantly in October”

FRBNY: “conditions for New York manufacturers deteriorated significantly in October”

According to the Federal Reserve Bank of New York manufacturing conditions are falling sharply:

The Empire State Manufacturing Survey indicates that conditions for New York manufacturers deteriorated significantly in October. The general business conditions index dropped 17 points to a record-low -24.6. The new orders index also fell to a record low, and the indexes for shipments, unfilled orders, and inventories all declined sharply. The prices paid index eased significantly, to its lowest level of the year, while the prices received index also fell, although less sharply. Employment indexes were negative. Future indexes declined markedly with exceptionally large declines in the future new orders and shipments indexes.

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