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Saturday, August 24, 2019
HomeNewsEmpire State Manufacturing Survey Barely Expands in January

Empire State Manufacturing Survey Barely Expands in January

A factory worker at a New York manufacturing plant. (Photo: Reuters)

Manufacturing Activity in Northeast Slows to Lowest Level Since May 2017

A factory worker at a New York manufacturing plant. (Photo: Reuters)
A factory worker at a New York manufacturing plant. (Photo: Reuters)

The Empire State Manufacturing Survey barely expanded in January, coming in well below the 12.0 consensus forecast at 3.9.

Readings above 0 point to growth, while readings below indicate contraction.

The reading on the general business conditions fell 8 points, its lowest reading since mid-2017. The index for future business conditions fell 13 points to 17.8.

Twenty-three percent (23%) of respondents reported that conditions had improved over the month, while 20% said conditions worsened. The new orders index fell 10 points to 3.5.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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