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Empire State Manufacturing Contracts Less Than Forecast but Outlook Deteriorates
Empire State Manufacturing Contracts Less Than Forecast but Outlook Deteriorates
By: James Hyerczyk
Updated: Apr 15, 2025, 13:18 GMT+00:00
Key Points:
• Empire State Manufacturing Index rises to -8.1 in April, beating forecasts but still signaling contraction.
• The outlook for future conditions plunged to -7.4, its second lowest reading in over 20 years of the survey.
• Prices paid and received surged to 50.8 and 28.7—highest levels in over two years—tightening margin pressures.
Empire state index
Empire State Manufacturing Contracts Less Than Expected, But Outlook Weakens
The Empire State Manufacturing Survey showed business activity in New York State remained in contraction in April, though the decline was milder than anticipated. The headline general business conditions index rose to -8.1, beating expectations of -12.8 and recovering from March’s steep -20.0 reading. Despite the upside surprise, underlying components and forward-looking measures signal sustained pressure on the manufacturing sector.
{snip}
By: James Hyerczyk
Updated: Apr 15, 2025, 13:18 GMT+00:00
Key Points:
• Empire State Manufacturing Index rises to -8.1 in April, beating forecasts but still signaling contraction.
• The outlook for future conditions plunged to -7.4, its second lowest reading in over 20 years of the survey.
• Prices paid and received surged to 50.8 and 28.7—highest levels in over two years—tightening margin pressures.
Empire state index
Empire State Manufacturing Contracts Less Than Expected, But Outlook Weakens
The Empire State Manufacturing Survey showed business activity in New York State remained in contraction in April, though the decline was milder than anticipated. The headline general business conditions index rose to -8.1, beating expectations of -12.8 and recovering from March’s steep -20.0 reading. Despite the upside surprise, underlying components and forward-looking measures signal sustained pressure on the manufacturing sector.
{snip}