Recent Updates
- US: Wholesale Trade (Feb), Producer Prices (Mar)
- US: Producer Price Indexes by Commodity Detail (Mar)
- US: Producer Price Indexes by Industry Detail (Mar)
- Canada: Investment in Building Construction (Feb), Labor Force Survey (Mar)
- more updates...
Economy in Brief
U.S. Wholesale Inventories Post Strong February Gain; Sales Fall
Wholesale inventories increased 0.6% (2.0% y/y) during February...
U.S. Initial Unemployment Insurance Claims Unexpectedly Increase
Initial claims for unemployment insurance rose to 744,000 during the week ended April 3...
Total PMIs Gain Traction in March
The PMI readings for March show improvement again...
U.S. Consumer Credit Outstanding Bounces Back in February
Consumer credit outstanding surged $27.6 billion during February...
U.S. Trade Deficit Widens to Record during February
The U.S. trade deficit in goods and services widened to $71.1 during February...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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 |