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    Market Segment

    August 17, 2023

    NY Manufacturing Activity Slumps in August

    Written by Ethan Bernard

    Manufacturing activity decreased in New York state in August, according to the most recent Empire State Manufacturing Survey.

    The headline general business conditions index dropped 20.1 points to -19.0 in August vs. July, the first negative reading since May, the August survey, compiled from responses between Aug. 2 and Aug. 9, said. The new orders index fell 23.2 points to -19.9 in the same comparison, while the shipments index dropped 25.7 points to -12.3.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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