Economy
April 17, 2018
Manufacturing Optimism Plunges in Empire State Survey
Written by Sandy Williams
Manufacturing in New York State continued to expand in April, but at a slower pace, according to the Empire State Manufacturing Survey conducted by the Federal Reserve Bank of New York. Survey participants expressed apprehension about future business conditions.
The general business conditions index fell seven points from its March reading to register 15.8. New orders and shipments declined 7.8 and 9.5 points, respectively.
