Empire State Manufacturing Survey - Forex Factory

Very weak report. Key takeaways:

Big miss in general business conditions index falling to -20.9.

Both new orders and shipments indices have declined, signifying a decrease in demand and activity levels within the sector.

Unfilled orders continue to fall, suggesting a possible reduction in backlogs or a slower pace of incoming orders. Delivery times remain stable, which could imply that supply chains aren't facing increased stress.

inventories index is slightly down, which might indicate that companies are managing to align their stock levels with the slower rate of orders.

There’s been a fall in the number of employees and the average workweek index, suggesting a downturn in the labor market within manufacturing.

Both prices paid and prices received indices have dropped, indicating that input costs might be stabilizing and that there’s less pricing power for manufacturers.

While current indicators show contraction, the forward-looking indicators suggest that firms are modestly optimistic about the next six months

We must learn who is gold, and who is gold plated

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2024-03-15 12:32:00Z
CBMiS2h0dHBzOi8vd3d3LmZvcmV4ZmFjdG9yeS5jb20vbmV3cy8xMjczMTg5LWVtcGlyZS1zdGF0ZS1tYW51ZmFjdHVyaW5nLXN1cnZledIBT2h0dHBzOi8vd3d3LmZvcmV4ZmFjdG9yeS5jb20vbmV3cy8xMjczMTg5LWVtcGlyZS1zdGF0ZS1tYW51ZmFjdHVyaW5nLXN1cnZleS9hbXA

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