Coronavirus/Covid-19 Information & Updates for Manufacturers

More Good News for NYS Manufacturing

GP:50 NY LTD - Grand Island, NY

GP:50 NY LTD – Grand Island, NY

The NY Federal Reserve’s Empire State Manufacturing Survey indicates growth in NYS manufacturing by increasing 5.3 points to 17.4, its highest level since last summer (a reading above 0.0 indicates growth).  Shipments, Unfilled Orders, Delivery Times and Average Employee Workweek were among the constituent indices that were up.  All was not positive as the Prices Paid index reached a 10-year high of 64.4, up 6.6 points from last month, signaling “sharp input price increases” according to the report, while Prices Received remained almost unchanged.  See the full report here.