Economy
February 16, 2021
Empire State Manufacturing Expands in February
Written by Sandy Williams
Manufacturing activity grew modestly in New York State in February, said the Federal Reserve Bank of New York in the latest Empire State Manufacturing Survey.
The general business index soared nine points to register 12.1 as new orders picked up during the month. Shipments posted a small increase, but delivery times rose at the fastest pace in a year. Inventories were reported as higher, climbing 7.2 points from contraction to an index reading of 6.5.
