Coronavirus/Covid-19 Information & Updates for Manufacturers

NYS Manufacturing Expands, Pace Slows, Outlook Grows

Artone LLC, Jamestown, NY

Artone LLC, Jamestown, NY

According to the Federal Reserve Bank of NY’s Empire State Manufacturing Survey, “manufacturing activity grew solidly in…the June survey, though at a slower pace than seen in the past few months.”  The Index fell -6.9 points to 17.4 (a reading above 0.0 indicates expansion) driven by New Orders (-12.6 to 16.3), Shipments (-15.5 to 14.2) and Unfilled Orders (-13.5 to 7.9).  Manufacturers’ confidence in the six-month outlook grew in June, too, as the future business conditions index rose +11.1 points to 47.7.  See the full report here.

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