Economy
November 16, 2015
New York Manufacturing Declines for 4th Month
Written by Sandy Williams
The Empire State Manufacturing Survey continued to show declining business activity for New York manufacturers. The headline index reading inched up to -10.7 from -11.4 last month. November marks the fourth consecutive month of negative readings for the survey. Economists were expecting the index to jump to -6.36, according to Bloomberg.
Indexes for new orders and shipments rose in November but remained in negative numbers at -11.8 and -4.1, respectively. Input prices increased slightly but selling prices were slightly lower. Inventories were reduced significantly as indicated by a ten point drop in the inventory index to -17.3.
