Economy
September 17, 2019
Empire State Manufacturing Index Falls More than Expected
Written by Sandy Williams
The Empire State Manufacturing Index surprised economists by slipping to 2.0 on the general business index, a three point decline from August.
The new orders index fell three points to 3.5, but remained above zero indicating only slight growth. The shipments index declined four points to 5.8 for it lowest level in nearly three years. The unfilled orders index remained in negative territory for the fourth month in a row. Survey participants reported steady delivery times and higher inventories.
