Economy
February 18, 2014
Empire State Manufacturing Index Drops in February
Written by Sandy Williams
General business conditions fell 8 points in the February 2014 Empire State Manufacturing Survey after rising 10 points in January, but remained positive at 4.5. New orders were flat for the month, declining 11 points to -0.2. The shipment index dropped 13 points to 2.1. The inventory index fell to -5.0 indicating a slight drop in inventory levels.
The prices paid index fell 12 points to 25.0 after a sharp rise in January. The selling price index rose by 2 points while rising input prices slowed in pace during February. Employment levels picked up slightly in February along with a slight increase in hours worked per week.
