Market Data
November 15, 2024
New York state manufacturing activity ramps up to multi-year high
Written by Brett Linton
New York state’s manufacturing sector saw substantial recovery in November, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York. This marks the second growth month for manufacturing activity seen this year, and the highest measurement for the Empire State Manufacturing seen in almost three years.
The General Business Conditions Index jumped to 31.2 in November, a 43-point recovery from the month prior. Firms remain optimistic that business conditions will continue to improve, with half of respondents expecting improvements over the next six months.
