Empire State Manufacturing Index Now Negative

Wednesday, May 17, 2017 7:28 PM Written by 

Manufacturing conditions deteriorated in New York State in May according to the latest Empire State Manufacturing Survey. The general business conditions index slid six points to -1.0. The index is now down 19 points since its February high of 18.7. Economists were expecting the headline index to come in at a positive 7.0 for the month.

New orders and shipments both declined with index readings of -4.4 and 10.6, respectively. The unfilled orders index plummeted 16 points to -3.7; the delivery time index fell nine points to 6.7 indicating a slower pace of increase in delivery times.


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Sandy Williams

Sandy Williams joined Steel Market Update as Editor and Writer in October 2012. She is a graduate of The University of Akron with degrees in Business Management, Public Relations and a masters in higher education administration. She has experience in writing, marketing, and event planning for non-profit organizations. Sandy edits the SMU newsletter and writes articles. For more information, email Sandy@SteelMarketUpdate.com.

Website: www.SteelMarketUpdate.com
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