Empire State Manufacturing Index Expands in September

Manufacturing growth in New York State accelerated in September, climbing 16 points and nearly reversing the slowdown from the prior month, according to the Empire State Manufacturing Survey.

The general business index climbed to 34.3, compared to 18.3 in August. Indices for new orders and shipments grew by double digits in September, expanding by 19 and 23 points, respectively, indicating strong growth in both orders and shipments. Unfilled orders were slightly higher at 20.9. Delivery times continued to lengthen, moving up 8.2 points to a record high of 36.5, indicating significantly longer delivery times. The inventories index rose modestly by 5.1 points.

Manufacturing

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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