Prior month came in at 25.0
The Empire manufacturing index for July came in at 22.6 vs 21.0 expected. The index was lower than the 25.0 last month.
- The new orders index dipped three points to 18.2,
- the shipments index fell nine points to 14.6,
- Delivery timed 6.0 vs 13.2
- inventories -4.3 vs 5.3
- Employment 17.2 vs 19.0 last
- Average workweek 5.6 vs 12.0 last
- Prices Paid 42.7 vs 52.7 last
- Priced received 22.2 vs 23.3 last
- Unfilled orders 0.0 vs 9.3 last
Expectations 6-months ahead
- General business conditions 31.1 vs 38.9
- New orders 37.2 vs 33.4 last
- Shipments 33.5 vs 40.7
- Employment 24.2 vs 25.9 last
- Avg workweeek. 4.3 vs 1.6 last
- Cap Ex 17.1 vs 27.1 last
- Tech Spending 9.4 vs 17.1 last
The index was still somewhat strong coming off the June 8-month high. 40% of respondents reported improving conditions while 17% said conditions were worse in July. Not bad. Not great.
