Economy
March 18, 2014
Empire State Manufacturing Index Sluggish in March
Written by Sandy Williams
The March Empire State Manufacturing Survey rose slightly to 5.61 from 4.48 in February, below economist expectations of 6.0 to 7.0. New orders increased to 3.13 after contracting to -0.21 last month.
Shipments rose to 3.97, up from 2.13 in February. Inventories increased during the month evidenced by an index reading of 7.06 compared to a contraction in February to -5.00. The backlog of orders registered -16.47 compared to -6.25 in February.
