Economy
January 14, 2019
Business Optimism Weakens in New York
Written by Sandy Williams
Manufacturing firms in New York State are less optimistic regarding future business conditions than they were in December. In the January 2019 Empire State Manufacturing Survey, the future business outlook index fell 13 points to 17.8. The indices for future new orders and new shipments plunged 15.3 points and 11.4 points, respectively.
Overall business activity grew only slightly in January. The headline general business index dropped eight points to 3.9, its lowest level since mid-2017. Since November, the index has lost 18 points.
