The Federal Reserve Bank of New York released its February 2016 Empire State Manufacturing Survey today, and to make a long story short, there’s not an awful lot to get excited about. For the seventh consecutive month New York manufacturers saw their business activity decline. Although the general business conditions index edged up three points to -16.6, after dropping to its lowest level since the Great Recession in January. The new orders index climbed twelve points to -11.6, meaning that orders fell, but at a slower pace than last month. The index for number of employees rose twelve points to -1.0, indicating that employment levels were flat. Indexes for the six-month outlook revealed that optimism about future business conditions remained weak after falling drastically last month.
Meet the people behind the products. From semi-conductors to Jet engine turbines – from apple pie filling to smoked salmon – from cosmetics to high definition micro displays – Council members make the products that make the world run. Through our podcast we introduce listeners to the people who own, work in, and support these businesses, businesses that together are the Council of Industry. We learn about their products and career paths. We learn about their leadership styles and their passion for their work. We learn about their challenges and their opportunities. In the process we learn more about manufacturing and why it is such a vital sector of our economy- vital to our region’s prosperity, our security and our future.