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    March 16, 2015

    Empire State Manufacturing Slows in March

    Written by Sandy Williams

    New York manufacturing activity slowed in March as the pace of new orders and shipments weakened. The Empire State Manufacturing Survey, conducted by the Federal Reserve Bank of New York, indicated general business conditions fell slightly to 6.9 from 7.78 in February and 10.0 in January. Analysts had expected the index to register around 8.0 for March.

    New orders fell four points to -2.4 while the shipments index declined six points to 7.9. Although the drop in shipments indicates weaker production, employment levels surged to 18.56 from 10.11.

    Sandy Williams

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