Economy
October 16, 2017
Empire State Manufacturing Robust
Written by Sandy Williams
Manufacturing activity in New York State has accelerated with the headline index of the October Empire State Manufacturing Survey climbing six points to 30.2. The survey was at its highest level in three years, bolstered by an 11-point gain in shipments, putting that index at 27.5. The new orders index slipped seven points, but was still on solid ground with a reading of 18.0.
Longer delivery times were noted, and inventory levels declined at a modest pace. Pricing indexes moved lower this month, with the prices paid index down nine points to 27.3 and the prices received index retreating seven points to register 7.0.
