Economy
March 15, 2017
March Empire State Survey Shows Steady Expansion for Manufacturing
Written by Sandy Williams
The March Empire State Manufacturing Survey showed business continuing to expand at a sound pace in New York State. The general business index registered 16.4, a decline of two points from its two year high last month. The new orders index gained 7.8 points, climbing to 21.3 for its highest reading since 2009.
Shipments continued to increase in March but at a slower pace, recording a seven point drop to 11.3. Unfilled orders were up 6 points to 14.2, its highest level since 2004. Delivery times lengthened and inventories moved lower during March.
