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- Business activity grew slightly in New York State, according to firms responding to the January 2019 Empire State Manufacturing Survey
Business activity grew slightly in New York State, according to firms responding to the January 2019 Empire State Manufacturing Survey
The headline general business conditions index fell eight points to 3.9, its lowest level in well over a year. New orders increased at a slower pace than in recent months, while shipments continued to climb significantly. Delivery times were slightly shorter, and inventories declined. Labor market indicators pointed to a modest increase in employment and hours worked.
The prices paid index moved lower for a second consecutive month, indicating some slowing in input price increases, and the prices received index held steady. Looking ahead, firms were less optimistic about the six-month outlook than they were last month.
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