Economy
April 15, 2021
Empire State Index Climbs in April
Written by Sandy Williams
New York manufacturers had a robust month in April with new orders and shipments accelerating. The Empire State Manufacturing general business index rose 9 points to 26.3, its highest level in more than two years.
New orders soared nearly 18 points to 26.9 and the shipments index climbed to 25.0. Delivery times continued to lengthen, surging 17 points to 28.1 and setting a new record. Unfilled orders jumped 17.2 points to 21.2, indicating longer lead times. Inventories climbed a modest 3.5 points.
