The Empire State Manufacturing survey for November 2010 is out and what a nosedive! General Business Conditions dropped 27 points! New Orders dropped 37 points in a month.
The Empire State Manufacturing survey for August 2010 is out. While the overall business conditions index is 7.10 for August, up from July's 5.08, new orders is the real story. New orders are -2.71. In July, new orders were indexed at 10.71.
The Empire State manufacturing survey for May is out. General Business conditions are showing a slow down, a drop of 13 points in a month to an overall positive number, 19.1.
The Empire State manufacturing survey for February is out. The headlines blare a 9 point increase in business conditions for New York Manufacturing, but the details point to something different.
The Philly Fed Index for January 2010 came in at 15.2. Last month was 22.5. Anything above zero is factory expansion. This index is for the Philadephia Fed region.
In case you missed this, a carefully worded Empire State Manufacturing Survey for November 2009, has a falling off the cliff drop of 20.96 points on general business conditions.
The October 2009 number was 23.51. November is 2.55.
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