Empire State Manufacturing Survey (overview) - FEDERAL RESERVE BANK of NEW YORK
Empire State Manufacturing Survey

The monthly survey of manufacturers in New York State conducted by the Federal Reserve Bank of New York.

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Survey responses were collected between March 3 and March 11.

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Business activity dropped significantly in New York State in March, according to firms responding to the Empire State Manufacturing Survey. The headline general business conditions index fell twenty-six points to -20.0. New orders and shipments declined. Delivery times and supply availability held steady, and inventories continued to grow. Employment levels and hours worked continued to move slightly lower. Input prices increased at the fastest pace in more than two years, and selling price increases also continued to pick up. Optimism about the outlook waned considerably for a second consecutive month.

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