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Economy in Brief

New York State Economic Conditions Recover but Prices Ease
by Tom Moeller  March 3, 2015

The Institute for Supply Management reported that, for New York State, their February index of business conditions expected in six months increased to 71.7 and made up most of the prior month's decline. In addition, the reading for current economic conditions rebounded to 63.1, up from 57.0 twelve months ago.

Pricing power, however, deteriorated. The February index of prices paid declined to 61.4 and gave up half of January's increase.

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.

Do Placed-Based Policies Matter? from the Federal Reserve Bank of San Francisco is available here.

ISM New York (Diffusion Index) Feb Jan Dec Feb'14 2014 2013 2012
Economic Conditions Six Months Hence (SA) 71.7 66.9 72.9 76.3 69.5 65.0 64.9
Current Economic Conditions (SA) 63.1 44.5 70.8 57.0 59.7 58.4 55.2
Prices Paid (NSA) 61.4 67.5 54.5 66.7 61.2 55.3 56.4
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