Economy
October 15, 2018
Empire State Manufacturing Shows Strength in October
Written by Sandy Williams
Manufacturing activity in New York State continues to be strong, according to the October 2018 Empire State Manufacturing Survey published by the Federal Reserve Bank of New York.
The general business conditions index rose two points to 21.1 due to a jump in new orders and shipments. The new orders index leapt six points, while the shipment index soared 12 points. Fewer unfilled orders were reported and inventories were steady in October. Delivery times continued to lengthen, said survey participants.
