US DATA: Aug Empire mfg text: “August Empire State Manufacturing
Survey indicates that conditions for New York manufacturers continued to
worsen. The general business conditions index fell four points to -7.7,
its third consecutive negative reading. The new orders index also
remained below zero, at -7.8, while the shipments index was positive at
3.0. The unfilled orders and inventories indexes dropped further into
negative territory. Price indexes continued to retreat, with the prices
paid index falling fifteen points to 28.3 and the prices received index
falling three points to 2.2. The index for number of employees was
slightly positive, while the average workweek index was slightly
negative. Future indexes weakened significantly. The future general
business conditions index plummeted twenty-four points to 8.7, its
lowest level since February 2009, and the future new orders and
shipments indexes, while positive, fell to near-record lows, exceeded
only by their September 2001 readings. The capital expenditures index
was also down sharply.”