- Prior 19.01
- Employment index 10.75 vs 20.88 prior
- New orders 18.36 vs 10.44 prior
- Prices paid 17.20 vs 19.78 prior
- Business conditions 39.84 vs 43.96 prior
The New York Fed survey kicks off of a new months data and is often seen as a proxy for the rest of the month.
We got a big bounce last month that was likely catch up from the weather and the index has stabilised this month.
Other components relating to current employment conditions were mixed with the number of employees index falling to 10.78 from 20.88 but the average work week rose to 9.68 from 2.20. Forward ooking is a better picture with the number of employees index rising to 20.43 from 17.58 in May.
Forward looking capex fell to 11.83 from 19.78.
Overall it’s a steady report.
US Empire state manufacturing vs Philly Fed survey 16 06 2014
