Details of the September 2015 US Empire state manufacturing index data report 15 September 2015

  • Prior -14.92
  • New orders -12.91 vs -15.70 prior
  • Employment -6.19 vs +1.82 prior
  • Average work week -10.31 vs -1.82 prior
  • Prices paid 4.12 vs 7.27 prior
  • Prices rec'd -5.15 vs +0.91 prior

Another poor number from the NT Fed. It's usually a good yardstick for the month ahead and it's only improved marginally. It's a million miles away from what was expected

I'm not liking the look of the employment numbers either

Expectations for the next six months aren't too hot either

  • General conditions (same as the headline figure) 23.21 vs 33.64 prior
  • New orders 23.89 vs 29.36 prior
  • Prices paid 28.87 vs 34.55 prior
  • Prices rec'd 7.22 vs 10.91 prior
  • Employment 7.22 vs 3.64 Prior
  • Capex 11.34 vs 17.27 prior
  • Tech spending 2.06 vs 13.64 prior

US Empire State manufacturing