Economy
February 17, 2015
Waning Optimism by Empire State Manufacturers
Written by Sandy Williams
Manufacturing activity in New York expanded at a modest pace in February according to the latest Empire State Manufacturing Survey. The general business index dipped two points to register 7.8. The index for new orders was down five points to 1.2 indicating flat activity. Shipments rose 4.5 points to 14.1.
Delivery times were relatively unchanged at 1.1 while the unfilled orders index registered -6.7. Inventories levels were reported to be slightly lower during the month.
