Economy
July 15, 2016
Empire State Manufacturing Survey Slips in July
Written by Brett Linton
New York manufacturers reported flat general business conditions in the July Empire State Manufacturing Survey. The headline index fell from +6.01 points to +0.55, following the seesaw pattern seen over the past few months. The indexes for shipments and new orders both fell significantly to +0.70 and -1.82, respectively. In June they were +9.32 and +10.90, respectively.
The three month moving average (3MMA) of the index declined from +2.18 in June to +0.18 in July. This time last year, the 3MMA was +1.66.
