Economy
May 17, 2021
Manufacturing Remains Solid in New York State
Written by Sandy Williams
New York manufacturing activity continued at a solid pace in May, according to the May 2021 Empire State Manufacturing Survey. The index headline dipped two points to 24.3, but indexes for new orders and shipments gained two and five points, respectively. Thirty-seven percent of survey respondents said conditions had improved over the month with only 13% reporting a dip in activity.
Pricing indexes were at record highs, said the Federal Reserve Bank of New York. Prices paid leapt nine points to 83.5 and the prices received index jumped two points to register 37.1. Longer backlogs and supplier delivery times were reported.
