Economy
January 15, 2018
Empire State Index Slips in January
Written by Sandy Williams
The Empire State Manufacturing Index showed continued growth in New York State, but at a slower pace in January. The general business index registered 17.7, down from 19.6 in December. New orders declined 7.1 points to 11.9, while shipments eased by 9.1 points to 14.4.
The unfilled orders index registered 4.3 indicating a small increase. Delivery times were slightly longer and inventories grew moderately. Employment increased only slightly in January and work hours were unchanged.
