Economy
February 17, 2020
Manufacturing Activity Surges in NY in February
Written by Sandy Williams
A surge in business activity in New York State surprised economists in February. The Empire State Manufacturing Survey’s general business index shot up eight points for a reading of 12.9, well above the forecast consensus of 4.0 and posting its highest level since May 2019.
Business conditions improved across the board except for a softening in employment. New orders jumped 15.5 points to register 22.1 and shipments gained 10.3 points for a reading of 18.9.
