The Empire State Manufacturing Survey general business-conditions index climbed 14 points to 4.5 in November.
The index had declined eight points to -9.1 in October. The general business-conditions index is the monthly gauge of New York’s manufacturing sector.
The November reading — based on firms responding to the survey — indicates business activity “edged slightly higher” in New York state, the Federal Reserve Bank of New York said in its Tuesday report.
(Sponsored)
Sales Employees are Not Always Exempt from Overtime
Are you sure that your company’s sales staff are properly categorized as exempt from the overtime requirements of the Fair Labor Standards Act (FLSA)? The FLSA regulations make it
10 Reasons Your Business Needs Cyber Insurance
1. Cyber crime is the fastest growing crime in the world, but most attacks are not covered by standard property or crime insurance policies. New crimes are emerging every day.
A positive index number indicates expansion or growth in manufacturing activity, while a negative reading shows a decline in the sector.
The survey found that 33 percent of respondents reported that conditions had improved over the month, while 29 percent said that conditions had worsened, per the New York Fed.
The Federal Reserve Bank of New York 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.
