Economy
March 15, 2016
Empire State Manufacturing Survey Shows Improvement for New York Firms
Written by Sandy Williams
The Empire State Manufacturing Survey recorded its first positive reading since July of 2015. The March general business conditions index rose 17 points to 0.6 bolstered by increases in new orders and shipments. New orders jumped 21 points to 9.6 after several months of decline. Shipments surged 25 points to register 13.9
Survey results suggest input prices rose slightly in March while selling prices inched slightly downward. Inventories levels declined as indicated by a drop to -6.9 on the inventory index.
