US NY Fed Manufacturing (Jan) -43.7 vs. Exp. -5.0 (Prev. -14.5)

Survey responses were collected between January 3rd and 10th.

Current Indicators

• New Orders -49.4 (prev. -11.3)
• Shipments -31.3 (prev. -6.4)
• Unfilled Orders -24.2 (prev. -24)
• Delivery Time -8.4 (prev. -15.6)
• Inventories -7.4 (prev. -5.2)
• Prices Paid 23.2 (prev. 16.7)
• Prices received 9.5 (prev. 11.5)
• Number of employees -6.9 (prev. -8.4)
• Average employee work week -6.1 (prev. -2.4)

Forward Looking Indicators

• General business conditions 18.8 (prev. 12.1)
• New Orders 25.2 (prev. 11.3)
• Shipments 24.6 (prev. 15.8)
• Unfilled orders 16.8 (prev. 5.2)
• Delivery Time 11.6 (prev. -1.0)
• Inventories 5.3 (prev. 9.4)
• Prices Paid 40.0 (prev. 25.0)
• Prices Received 32.6 (prev. 27.1)
• Number of employees 16.8 (prev. 10.9)
• Average employee workweek 14.7 (prev. 10.4)
• CapEx 13.7 (prev. 4.2)
• Tech spending 9.5 (prev. 8.3)

Commentary

• Economic Research Advisor at NY Fed Richard Deitz says “New York manufacturing activity fell sharply in January following a significant decline in December. While the survey’s headline index has fluctuated in recent months, this outsized drop suggests January was a difficult month for New York manufacturers, with employment and hours worked also contracting.”

via NY Fed