New York Fed Empire manufacturing index for August 2021
- Prior report came in much stronger than expected at 43.0 versus 18.0 expected (record high)
- new orders 14.8 versus 33.2 last month
- prices paid 76.1 versus 76.8 last month
- prices received 46.0 versus 39.4 last month
- employment 12.8 versus 20.6 last month
- average workweek 8.9 versus 14.0 last month
- shipments 4.4 versus 43.8 last month
- unfilled orders 15.0 versus 12.1 last month
- delivery time 20.3 versus 20.2 last month
- inventories 6.2 versus 16.2 last month
Six month conditions rose to 46.5 versus 39.5 last month
- new orders 42.7 versus 34.2 last month
- prices paid 66.4 versus 64.6 last month
- prices received 52.2 versus 57.6 last month
- number of employees 38.5 versus 43.9 last month
- average workweek 2.7 versus 3.0 last month
- shipments 45.9 versus 39.9 last month
- unfilled orders 0.0 versus 1.0 last month
- delivery times 0.9 versus 5.1 last month
- inventories 8.0 versus 9.1 last month
- capital expenditures 23.0 versus 26.3 last month
- technology spending 15.0 versus 14.1 last month
The data has been volatile over the last two months. Last month the report showed a sharp increase to 43.0 versus 18.0 expected. This month the index moved back toward the recent ranges.
Firms to remain optimistic on the future as the six month condition index rose by seven points to 46.5.
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