Global| May 15 2020TT
by:Sandy Batten
|in:Economy in Brief
Summary
• • • The Empire State Manufacturing Index of General Business Conditions collapsed to -78.2 in April.............. The Empire State figures are diffusion indexes, which are calculated by subtracting the percentage of respondents [...]
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The Empire State Manufacturing Index of General Business Conditions collapsed to -78.2 in April..............
The Empire State figures are diffusion indexes, which are calculated by subtracting the percentage of respondents reporting declines from the percentage reporting gains. Their values range from -100 to +100. The data are available in Haver's SURVEYS database. The ISM-adjusted headline index dates back to 2001. The Action Economics Forecasts can be found in Haver's AS1REPNA database.
| Empire State Manufacturing Survey | May | Apr | Mar | May'19 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| General Business Conditions (Diffusion Index, %, SA) | -78.2 | -21.5 | 12.9 | 9.4 | 4.8 | 19.7 | 16.1 |
| General Business Conditions Index (ISM Adjusted, >50=Increasing Activity, SA) | 31.2 | 49.5 | 56.9 | 54.3 | 51.8 | 56.4 | 54.6 |
| New Orders | -66.3 | -9.3 | 22.1 | 7.4 | 3.3 | 16.4 | 14.4 |
| Shipments | -68.1 | -1.7 | 18.9 | 10.3 | 10.5 | 20.3 | 15.8 |
| Unfilled Orders | -16.8 | 1.4 | 4.5 | -0.7 | -6.0 | 3.5 | 1.9 |
| Delivery Time | 11.0 | 2.2 | 8.3 | 7.0 | -0.1 | 9.1 | 6.1 |
| Inventories | -9.7 | 5.8 | 12.9 | 8.4 | -0.9 | 5.9 | 1.5 |
| Number of Employees | -55.3 | -1.5 | 6.6 | 9.7 | 5.4 | 12.3 | 8.0 |
| Average Employee Workweek | -61.6 | -10.6 | -1.0 | 3.1 | 2.3 | 7.8 | 4.6 |
| Prices Paid | 5.8 | 24.5 | 25.0 | 27.3 | 26.3 | 45.8 | 29.0 |
| Prices Received | -8.4 | 10.1 | 16.7 | 14.0 | 10.3 | 19.3 | 11.0 |
| Expectations 6 Months Ahead | 7.0 | 1.2 | 22.9 | 17.4 | 23.9 | 35.2 | 42.6 |
Sandy Batten
AuthorMore in Author Profile »Sandy Batten has more than 30 years of experience analyzing industrial economies and financial markets and a wide range of experience across the financial services sector, government, and academia. Before joining Haver Analytics, Sandy was a Vice President and Senior Economist at Citibank; Senior Credit Market Analyst at CDC Investment Management, Managing Director at Bear Stearns, and Executive Director at JPMorgan. In 2008, Sandy was named the most accurate US forecaster by the National Association for Business Economics. He is a member of the New York Forecasters Club, NABE, and the American Economic Association. Prior to his time in the financial services sector, Sandy was a Research Officer at the Federal Reserve Bank of St. Louis, Senior Staff Economist on the President’s Council of Economic Advisors, Deputy Assistant Secretary for Economic Policy at the US Treasury, and Economist at the International Monetary Fund. Sandy has taught economics at St. Louis University, Denison University, and Muskingun College. He has published numerous peer-reviewed articles in a wide range of academic publications. He has a B.A. in economics from the University of Richmond and a M.A. and Ph.D. in economics from The Ohio State University.
