THE BASIS POINT

Manufacturing Weakens.

 

Empire State Manufacturing Survey (March 2015)

– General Business Conditions Index  6.90. Previous was  7.78.

This is a measure of manufacturing in New York State.

 

Industrial Production  (February 2015)

– Production month/month +0.1%  Previous was -0.3%
– Capacity Utilization Rate 78.9%. Previous was 79.1%
– Manufacturing month/month  -0.2% . Previous was -0.3%.

This data is both weak and below expectations.

Housing Market Index  (March 23015)

– Housing Market Index  53. Previous was 55.
This is a survey index from the National Association of Home Builders.

 

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