Economy
September 14, 2020
New York Manufacturing Growth Solid in September
Written by Sandy Williams
Business activity continued to improve in New York State in September. The Empire State Manufacturing Survey general business conditions index soared 13 points to a reading of 17.0, its third consecutive positive reading this year. New orders rose modestly while shipments increased significantly, gaining seven points to register 14.1.
Delivery times lengthened and inventories and unfilled orders remained in contraction. Employee levels held steady in September and the average work week reached its first positive reading since the pandemic began. The average workweek index rose 14 points to register 6.7.
