Economy
June 17, 2018
New York Manufacturing Robust in June
Written by Sandy Williams
Manufacturing in New York State expanded in June at a faster pace than April. The Empire State Manufacturing Index jumping 4.9 points to 25.0 and its highest reading since October, said the Federal Reserve Bank of New York on Friday.
New orders and shipments made solid gains, driving increases to backlogs and delivery times. The prices paid index retreated slightly from last month’s multi-year high, but continued to indicate significant price increase, said the New York Fed. Prices received remained at elevated levels during the month.
