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Empire State Manufacturing Survey Conditions Continue to Improve
The Empire State Manufacturing Survey indicates that conditions for New York manufacturers continued to improve at a steady pace in March. The general business conditions index remained near its February level, at 22.9. The new orders index rose sharply, and the shipments index climbed as well. The inventories index rose above zero for the first time in considerably more than a year. The indexes for both prices paid and prices received were positive and close to last month’s levels. Employment indexes climbed further into positive territory, suggesting that employment levels are on the rise. Future indexes conveyed continued optimism about the six-month outlook, with manufacturers expecting business conditions to improve further in the months ahead.
Posted: March 15, 2010 Monday 08:30 AM