Posted April 15, 2010
NY manufacturing makes rapid improvement
The Empire State Manufacturing Survey indicates that conditions for New York State manufacturers improved at a rapid pace in April.
The general business conditions index rose 9 points, to 31.9. The new orders and shipments indexes advanced as well, and the inventories index climbed to a record high. The prices paid index moved up 12 points to 41.8, its highest level in considerably more than a year, while the prices received index held fairly steady at a level just above zero.
Employment indexes rose to high levels, suggesting that employment levels are continuing to improve. Future indexes conveyed an ongoing sense of optimism about the six-month outlook.
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