Thursday, February 15, 2007

NY State Manufacturing Index Rebounds

Here's a link to the full report:

Short version: The overall situation jumped up. New Orders, shipments and unfilled orders all increased. Prices paid decreased while prices received increased.

The last ISM index has hovering around recessionary levels. Since that time, we've had a moderately positive Philly Fed report and a very strong NY report. That should help to ease some concern about the manufacturing sector of the economy for now.

As with all things economic, we'll have to wait and see if the trend continues. We're not out of the woods yet, but we're making a start.