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    April 16, 2020

    Empire State Manufacturing Plummets in April to Record Low

    Written by Sandy Williams

    The Empire State Manufacturing Survey plunged to its lowest level ever, falling 57 points to a reading of -78.2, in April. “By way of comparison, the lowest level this indicator had reached prior to April was -34.3 during the Great Recession,” said the New York Federal Reserve.

    New York City has been the epicenter for the U.S. COVID-19 outbreak, impacting manufacturing across the state as shelter-in-place edicts were imposed. New orders, shipments and employment levels declined at record rates. Inventories fell and delivery times lengthened.

    Sandy Williams

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