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    January 18, 2024

    Manufacturing activity in New York lowest since pandemic

    Written by David Schollaert

    New York State saw manufacturing shrink in January, reaching its lowest reading since the depths of the pandemic in early 2020, according to the latest Empire State Manufacturing Survey.

    The headline general business index dropped to -29.2 points from December’s upwardly revised reading of -14.5, the survey said. The new orders index tumbled 38.1 points to -49.4 month over month (m/m), and the shipments index dropped 24.9 points to -31.3.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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