NY manufacturing up in June, but outlook not so good

June 18, 2013 Updated Jun 18, 2013 at 7:17 AM EDT

By Business First

...

NY manufacturing up in June, but outlook not so good

June 18, 2013 Updated Jun 18, 2013 at 7:17 AM EDT

The Empire State manufacturing index for June showed overall improvement but there is reason for concerns among the indexes.

The monthly report from the New York Federal Reserve Bank placed the general business conditions index at 7.8, up nine points and out of negative territory in May.

At the same time, most other indicators in the survey fell. The measurement for new orders slipped six points to -6.7, the shipments index fell twelve points to -11.8, and the unfilled orders index fell eight points to -14.5. Also, labor market conditions worsened.

The prices paid index held steady at 21.0, while the prices received index rose seven points to 11.3.

The Fed added that the six-month outlook declined, suggesting that optimism about future conditions was weakening further.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.