The Empire State Manufacturing Survey general business-conditions index fell seven points in April to 15.8, which “pointed to a somewhat slower pace of growth.”
The index had risen 9 points in March after falling 5 points in February.
The responses in the April survey indicated that business activity “grew at a solid clip” in New York, the Federal Reserve Bank of New York said in its report issued Monday.
(Sponsored)
Fraud Contingencies Plans Are Essential
Your business likely has a disaster recovery plan in place—procedures for handling fires, natural disasters or other crises that could disrupt operations or endanger lives. While a fraud contingency plan
It’s Time for Your Business to Think About Year-End Tax Planning
As the year-end approaches, it’s time to take proactive steps to help lower your business’s taxes for 2024 and beyond. Deferring income and accelerating deductions to minimize taxes can be
A positive reading indicates expansion or growth in manufacturing activity, while a negative index number points to a decline in the sector.
The survey found 38 percent of manufacturing respondents reported that conditions had improved over the month, while 22 percent said that conditions had worsened.
The New York Fed distributes the Empire State Manufacturing Survey on the first day of each month to the same pool of about 200 manufacturing executives in New York. On average, about 100 executives return responses.
Contact Reinhardt at ereinhardt@cnybj.com
Visual credit: Federal Reserve Bank of New York website
