The headline number in the latest Empire State Manufacturing Survey was up big — +7.84 versus expectations for 0.0.
But every other component stunk, according to the report:
- The new orders index slipped six points to -6.7
- The shipments index fell twelve points to -11.8
- And the unfilled orders index fell eight points to -14.5.
- The prices paid index held steady at 21.0, while the prices received index rose seven points to 11.3.