Economy
August 15, 2017
Empire State Index Nears Three-Year High
Written by Sandy Williams
Manufacturing activity jumped sharply in New York State in August. The general business index of the Empire State Manufacturing Survey leapt 15.4 points to 25.2, its highest reading since September 2014.
The new orders index rose seven points to 20.6 and shipments gained nearly two points for a reading of 12.4. Delivery times increased slightly, while unfilled orders remained steady. The inventories index dropped 5.5 points from July to -3.1 indicating another reduction in stocks.
