Widget Image
Follow PPD Social Media
Follow Us:
Monday, February 17, 2020
HomeNewsEconomyEmpire State Manufacturing Survey “Continued to Expand Strongly” in November

Empire State Manufacturing Survey “Continued to Expand Strongly” in November

A factory worker at a New York manufacturing plant. (Photo: Reuters)
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 “continued to expand strongly” to 19.4 in November after hitting a 3-year high last month, though it missed the 26.0 median forecast. However, The new orders index climbed to 20.7 and the shipments index came in at 18.4, both indicating solid gains and activity.

Looking ahead to the next 6 months, firms were very optimistic as the index for future business conditions increased 5 points to 49.9. The index for future new orders rose 9 points to 53.7, a multiyear high.

Employment and the average workweek were expected to increase in the months ahead, while the capital expenditures index gained 4 points to 25.4. The technology spending index declined 6 points to 10.8.

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.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial