Economy
January 17, 2017
New York Manufacturing Continues to Expand in January
Written by Sandy Williams
The January Empire State Manufacturing Survey in January declined -1.1 from December to 6.5. The general business index reading was positive for the third consecutive month indicating that business activity continues to expand in New York State.
New orders and shipments remained positive but fell by 7.3 and 1.3 points, respectively. Unfilled orders posted a reading of -1.7 up from -10.4 in December. The delivery time index rose to -2.5. Inventories had their first increase since mid-2015, climbing 16 points to 2.5 on the inventory index.
