Economy
April 16, 2015
NY Manufacturing Flat in April
Written by Sandy Williams
Manufacturing activity in New York was essentially flat in April. The General Business Index of the Empire State Manufacturing Survey fell 8 points to -1.19, dropping into negative territory for the first time since December 2014. The survey is published monthly by the Federal Reserve Bank of New York and is on based responses from participants in a variety of industries in the state of New York.
New orders contracted as well with 32.6 percent of those surveyed indicating lower orders compared to 27.48 in March, putting the index at -6.00 for the month. Weak global demand, a strong dollar and a fall in US exports made the decline unsurprising.
