Coronavirus/Covid-19 Information & Updates for Manufacturers

State Manufacturing Subdued


Manufacturing activity across New York State “edged somewhat higher” according to the NY Federal Reserve’s January Empire State Manufacturing Survey.  The general business conditions index was up +1.5 points to 4.8 (a reading above 0.0 indicates growth), the eighth consecutive month of single digit readings following a sharp drop last June.  New Orders, Shipments, Unfilled Orders, Delivery Time and Inventories were all in the +/- single-digit range as well.  Prices Paid and Prices Received were both up double digits with the former up +16.3 to 31.5 and the latter up +10.1 to 14.4, the highest readings of any of the sub-indices.  In contrast, the six-month forward outlook fell -2.5 to 23.6 suggesting that “optimism about future conditions remained restrained.”  See the full report here.