N.Y. Manufacturing Activity Stable β€” For Now

Federal Reserve report shows general business conditions index remains steady, but optimism for the next six months dropped sharply.

NEW YORK β€” Conditions for New York manufacturers improved in November at a pace close to that in October, according to the Federal Reserve Bank of New York.
The general business conditions index was steady at 27.6. New orders and shipments indexes rose and were near last month’s levels, reaching 24.5 and 32.2, respectively.
Unfilled orders dropped to -1.2. Delivery times fell several points to -7.1 and inventories dropped to -1.2.
At 42.9, prices paid rose to its highest level in more than a year, while prices received declined modestly to 11.9.
Employment indexes fell for the first time since June to 10.6, but were still positive. The average work week fell 19 points to 4.8.
The degree of optimism for the next six months slipped. Future activity indexes were positive, but dropped 20 points to 30.5. Future prices paid rose to 59.5, its highest level in over a year. Future prices received climbed to 25.2.
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