Strong May for Local Manufacturers

Photo: Rigidized Metals Corporation., Buffalo, NY. Resembling DNA strands, this 242-piece structure is fittingly located in the Allen-Medical Campus subway station that serves the Buffalo Niagara Medical Campus in Buffalo, NY

Photo: Rigidized Metals Corporation., Buffalo, NY. Resembling DNA strands, this 242-piece structure is fittingly located in the Allen-Medical Campus subway station that serves the Buffalo Niagara Medical Campus.

The Buffalo-Niagara Manufacturing Index rose to 75.0 in May, an increase of over 11 points from April, indicating accelerating growth (values over 50 indicate expansion). The May Index was the third-highest reading in at least 2.5 years and continues a gradual uptrend since August 2016 that has kept the Buffalo-Niagara Index consistently higher than the National PMI Index. Production and New Orders were both up sharply, although Commodity Prices continued to increase, consistent with the NY Federal Reserve’s Empire State Manufacturing Survey. See the full report here: 2018-05_BuffaloISM

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