The Empire State Manufacturing Survey: May 2011

The Empire State Manufacturing Survey consists of a series of diffusion indices distilled from a monthly survey of New York regional manufacturing executives and seeks to identify trends across 22 different current and future manufacturing related activities.

Today’s report indicated expansion for current activity but at a slower pace than month while assessments of future activity improved slightly with the current business conditions index falling to 11.88 while the future conditions index increasing to 52.69.

Current prices paid registered a seventh consecutive monthly increase climbing to 69.89, the second highest level seen since the series began in 2001, while current new orders declined to 17.19 with future new orders climbing slightly to 47.31.