Empire State Manufacturing Improves in July, Outlook Grows Gloomy

Business activity in the state of New York saw a modest increase in July, following a sideways move the month prior, according to the Empire State Manufacturing Survey.

The New York Fed’s Empire State headline general business conditions index – a gauge of manufacturing activity in the state – rose 12.3 points in July to 11.1 after being in negative territory for two consecutive months.

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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