Economy
August 15, 2016
Empire State Survey Indicates Weaker Manufacturing Activity in August
Written by Sandy Williams
Business activity declined in the New York State area as reported by firms in the August 2016 Empire State Manufacturing Survey. The headline PMI for general business conditions fell for a second month, losing five points to register -4.21.
New orders were essentially unchanged at a reading near zero of 1.04. Shipments rose eight points to 9.0. Employment levels were relatively unchanged.
