Economy
March 15, 2018
Empire State Index Shows Good Growth
Written by Sandy Williams
Business activity grew robustly in New York State, according to firms responding to the March Empire State Manufacturing Survey. The general business conditions index climbed more than nine points to 22.5 from 13.1 in February. A level above 0.0 indicates improving conditions, below indicates worsening conditions.
Orders and shipments in the region saw strong growth as the new orders index advanced to 16.8 and the shipments index to 27.0. Unfilled orders rose for the third month, jumping eight points in March. Delivery times also continued to lengthen. Inventories expanded slightly in March, according to a 0.7 increase in the inventory index.
