Reply #15: fleshing out that report a bit

[UpInArms]

NY factory activity ebbed in August
Empire State index dropped to 12.6 from 35.6 in July

http://cbs.marketwatch.com/news/story.asp?guid=%7B4D615329%2DA4B0%2D4974%2DA0B2%2D85742BC28D68%7D&siteid=mktw

excerpt:

The new-orders index fell to 14.9 from 28.6 in July, while shipments fell to 11.9 from 34.

The unfilled orders index fell to -4.6 from 14.3 in the previous month. This is the first negative reading since last September.

Despite the decline in the overall index, the number of employees rose to 17 in August from 13.1 in July.

But the average employee workweek fell to 6.8 in August from 22.5 in the previous month.

The price indexes remained elevated.

The prices-paid index fell to 50 in August from 56.4 in July.

The prices-received index fell to 16.3 in August from 18 in the previous month.

The full report can be found here:

http://www.newyorkfed.org/research/regional_economy/mfg_survey/8_2004.pdf