This Week
  • GM injection: The automaker has invested $150 million here since 2011.

  • East High School teacher and blogger Kelly LaLonde speaks out about education.

  • HBT Architects took a risk and parted with some clients on its new path.

  • Placing a loved one in an elder care facility is not an easy decision for caregivers.

  • Robert W. Hurlbut heads a 1,400-employee business started by his grandparents.

  • The new edition of Explore Greater Rochester is here.

Conditions improve for N.Y. manufacturers, survey finds

Rochester Business Journal
March 15, 2013

Conditions for New York manufacturers improved modestly for a second consecutive month in March, the Federal Reserve Bank of New York’s Empire State Manufacturing Survey shows.

The general business conditions index held steady at 9.2, with 29 percent of respondents reported conditions had improved over the month, while 20 percent reported conditions had worsened. The new orders index was also positive for a second consecutive month, though the index fell five points to 8.2.

The shipments index declined five points to 7.8. The unfilled orders index was little changed at -2.2. The delivery time index dropped four points to -2.2, and the inventories index fell five points to -5.4.

The prices paid index was little changed at 25.8, while the prices received index fell six points to 2.2.

After climbing above zero last month, the index for number of employees fell five points to 3.2. The average workweek index rose to zero, indicating the length of the average workweek was unchanged.

The future general business conditions index rose three points to 36.4, its highest level in nearly a year. The future prices paid index rose six points to 50.5, and the future prices received index rose 11 points to 23.7.

In a series of supplementary questions, firms were asked about cash holdings, debt levels and methods of financing capital spending. Queried about expected changes in their outstanding debt in the year ahead, manufacturers indicated an increasingly widespread inclination to take on more debt.

When asked about anticipated changes in cash holdings in the year ahead, more respondents anticipated decreases than increases—for the first time since 2008.

Manufacturers, on average, also reported that they were holding less cash than usual.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google