Empire State Manufacturing Survey: Another Consistent Month
Each month the Council of Industry writes a blog post discussing the results of the Empire State Manufacturing Survey, and since the start of 2018 each post has reported consistent growth for the industry. This month is no exception to that trend. Business activity grew strongly this month and the headline general business conditions index rose two points to 21.1, which suggests faster growth than in September. New orders and shipments also spiked considerably. Additionally, this month saw a slight increase in employment levels; a positive sign for many manufacturing companies that are struggling to find skilled workers to fill their open positions. Employment is expected to increase in the months to come as well. Predictions for the future also remain positive. New York State’s manufacturers are anticipating continued growth throughout the next six months. Look for our post next month with the results of the November survey to see if this upward trend continues!
Read the full report for a more detailed look at the results.
