Global| Mar 03 2015New York State Economic Conditions Recover but Prices Ease
by:Tom Moeller
|in:Economy in Brief
Summary
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 [...]
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 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
