Economy
October 15, 2020
Manufacturing Pace Slows in Empire State Survey
Written by Sandy Williams
Manufacturing activity continued to expand in New York during October, but at a slower pace. The Empire State Manufacturing Survey general business index slipped seven points to 10.5, decreasing more than expected by analysts.
New orders and shipments continued to expand and unfilled orders declined. Inventories were a little leaner and delivery times remained steady. Input prices increased at the same pace as September and selling prices were up slightly.
