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- Business activity continued to grow strongly in New York State, according to firms responding to the October Empire State Manufacturing Survey
Business activity continued to grow strongly in New York State, according to firms responding to the October Empire State Manufacturing Survey
The headline general business conditions index rose two points to 21.1, pointing to a slightly faster pace of growth than in September.
New orders and shipments both picked up noticeably. Delivery times continued to lengthen, while inventories held steady. Labor market indicators pointed to a modest increase in employment levels and no change in hours worked. Price indexes edged down but remained elevated, suggesting ongoing significant increases in both input prices and selling prices. Looking ahead, firms generally remained optimistic about the six-month outlook.
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