Economy
November 15, 2018
New York Manufacturing Healthy in November
Written by Sandy Williams
Manufacturing in New York State strengthened more than expected in November. The Empire State Manufacturing Survey general business index rose two points to 23.3 as new orders and shipments showed moderate growth. Forty-one percent of respondents reported that general business conditions had improved over the month, while 18 percent reported that conditions had worsened.
Manufacturers surveyed by the Federal Reserve Bank of New York noted longer delivery times, higher inventories and steady backlogs. Prices paid remained high, but the prices received index was little changed from October.
