Economy
April 16, 2016
Empire State Manufacturing Index Gains 9 Points
Written by Sandy Williams
The Empire State Manufacturing Survey reached its highest level in more than a year in April. The headline general business index rose 9 points to 9.6, continuing a second positive month with respondents reporting business conditions have improved.
New orders picked up two points to register 11.1 after making strong gains in March. Shipments continued to expand although slipping slightly to 10.2. Indexes for unfilled orders and delivery times registered near zero for April. Inventory levels moved slightly lower indicated by a reading of -4.8.
