Economy
December 15, 2015
Empire State Manufacturing Survey Still Negative but Improving
Written by Sandy Williams
Manufacturing activity in the New York area declined for the fifth consecutive month in December. The rate of decline slowed somewhat as indicated by the headline general business index of the Empire State Manufacturing Survey, climbing six points to register -4.6.
The new orders continued to fall to an index reading of -5.1. Shipments, however, improved for the first time since summer, rising 10 points to 5.5. Unfilled orders gained two points, moving up to -16.2 along with a three point increase on the delivery index to -8.1.
