Last month 23.3

  • New York Fed empire mfg current conditions index 10.9 versus 23.3 last month
  • Lowest since May 2017
  • new orders 14.5 versus 20.4 last month
  • employment 26.1 versus 14.1 last month
  • prices paid 39.7 versus 44.5 last month
  • prices received 12.8 versus 13.1 last month
  • shipments 21.0 verse 28.0 last month
  • unfilled orders -5.1 versus 0.0 last month
  • delivery times 3.2 versus 4.4 last month
  • inventories 7.1 versus 10.9 last month
  • average employee work week 8.0 versus 9.2 last month

Forward-looking indicators (6 month forward)

  • 6 month business conditions 30.6 versus 33.6 last month
  • new orders 34.2 versus 39.7 last month
  • shipments 34.3 versus 37.2 last
  • employment 19.4 versus 16.6 last month
  • average employee work week 10.2 versus 6.6 last month
  • capital expenditures and 1.2 versus 24.8 last month
  • technology spending 26.1 versus 19.7 last month
  • prices paid 51.9 versus 59.1 last month
  • prices received 27.6 versus 31.4 last month

Lower than expectations. Still positive though. Looking forward, for Germain fairly optimistic about the six-month outlook, what was slightly lower than the November reading.