Manufacturing activity tumbles through March in New York state

New York state manufacturing activity slipped deeper into negative territory this month, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York. The General Business Conditions Index fell in March to -20.9. This is the third consecutive month the reading has indicated deteriorating business conditions.

“Manufacturing activity fell significantly in New York State in March, with a decline in new orders pointing to softening demand,” noted Richard Deitz, an economic research advisor at the New York Fed. “Labor market conditions remained weak as both employment and hours worked decreased.”

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.