Economy
April 16, 2019
Modest Rise in Empire State Manufacturing Index
Written by Sandy Williams
A six point increase to 10.1 in the general business index of the Empire State Manufacturing survey indicated a modest rise in manufacturing activity in April. New York manufacturers reported a slight rise in new orders and shipments. The new orders index rose to 7.5 from 3.0 in March, while the shipments index increased to 8.6 from 7.7.
Input prices and prices received moved lower during the month with the prices paid index falling seven points to 27.3 and the prices received index declining four points to 14.0. Inventories and delivery times both increased.
