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Economy in Brief
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
U.S. Initial Claims for Unemployment Insurance Are Little Changed
Initial unemployment insurance claims slipped to 232,000 (-6.1% y/y) during the week ended April 14...
U.K. Retail Sales Fall
U.K. GDP is expected to cool its jets when the first quarter GDP number is released...
by Tom Moeller February 3, 2015
The Institute for Supply Management reported that, for New York State, their January index of business conditions expected in six months declined to 66.9, the lowest level in nine months. In addition, the reading for current economic conditions fell to 44.5, the first month below the breakeven level of 50 since June 2013.
Pricing power, however, improved. The January index of prices paid rose to 67.5, its highest level since May 2011.
The ISM figures are diffusion indexes and can be found in Haver's SURVEYS database. A diffusion index reading of more than 50% denotes growth while a reading of under 50% implies a contraction.
Persistent Overoptimism about Economic Growth from the Federal Reserve Bank of San Francisco is available here.
| ISM New York (Diffusion Index) | Jan | Dec | Nov | Jan'14 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|
| Economic Conditions Six Months Hence (SA) | 66.9 | 72.9 | 70.5 | 70.0 | 69.5 | 65.0 | 64.9 |
| Current Economic Conditions (SA) | 44.5 | 70.8 | 62.4 | 64.4 | 59.7 | 58.4 | 55.2 |
| Prices Paid (NSA) | 67.5 | 54.5 | 62.5 | 63.0 | 61.2 | 55.3 | 56.4 |
