Economy
April 17, 2017
Empire State Manufacturing Moderates in April
Written by Sandy Williams
Manufacturing activity cooled in New York State in April after two exceptionally strong months. The general business index of the Empire State Manufacturing Survey fell eleven points to register 5.2.
The new orders index dropped fourteen points to register 7.0, settling at a more sustainable level of growth. Shipments continued to increase at a moderate pace gaining 2.4 points to register an index reading of 13.7. Unfilled orders were short of March’s 11-year high, at a reading of 12.4. Delivery times continued to lengthen, climbing to 16.1 for the index’s highest reading in the survey’s history. Inventories were steady in April.
