Coronavirus/Covid-19 Information & Updates for Manufacturers

NY Manufacturing Grows

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The NY Federal Reserve Bank’s Empire State Manufacturing Survey for February reported an uptick in manufacturing across the State.  The Current Business Conditions Index was up +8.6 to 12.1 (a reading above zero indicates growth) led by increases in New Orders and Shipments.  According to the NY Fed “Input Prices rose at the fastest clip in almost a decade.”  The Survey also signaled increases in capital expenditures and technology spending and continued confidence in the six-month outlook.