The Empire State Manufacturing Survey fell 7 points in September, but regional factory growth in September remained robust. The general business conditions index came in at 19.0, down from 25.6 last month.
Forty percent (40%) of respondents reported that conditions had improved over the month, while 21% said conditions had worsened. The new orders index was little changed at 16.5, and the shipments index fell 11 points to 14.3.
The index for number of employees held steady at 13.3 and the average workweek index was 11.5, indicating a modest increase in both employment levels and hours worked.
