NY Manufacturing Activity Softens in July

Monday, July 17, 2017 2:18 PM Written by 

The Empire State Manufacturing Index fell 10 points to 9.8 in July, after hitting a two-year high in June. New orders and shipments continued to grow but at a slower pace in New York State, dropping 4.8 points and 11.8 points, respectively.

Delivery times were reported as longer in the July survey and inventory levels were fairly steady. The indexes for prices paid and received were relatively unchanged. The index for unfilled orders fell 9.3 points to -4.7. The employment index dipped for the third month but remained positive at 3.9, indicating a slower expanding workforce.

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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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