Empire State Manufacturing Survey: New York Business Is Improving
05/17/2010
Manufacturers reported that the prices they paid for inputs rose nearly 6 percent over the past year, with a median increase of 3 percent. They anticipated a median increase of 4 percent for the coming year. Companies forecast a 2.9 percent average increase in selling prices and a 3 percent median growth.
While the general business conditions index dropped, it marked the tenth consecutive month of improving business. Still, the pace of economic growth dropped in May, the new orders index fell 15 points to 14.3, and the shipments index fell 21 points to 11.3. The inventories index dropped 10 points to 1.3, and inventory levels remain steady.
The future general business conditions index dropped to 42.1 from 55.7 last month. Future inventories dropped to below zero for the first time since October, suggesting that inventory levels would not rise in the coming months. Overall, New York manufacturers expect business to improve in the next six months.
Project Announcements
South Korea-Based Seoyon E-HWA Plans Chatham County, Georgia, Manufacturing Plant
02/02/2023
Bottling Company International Plans Morrison, Tennessee, Operations Complex
02/01/2023
Engineered BioPharmaceuticals Expands Danville, Virginia, Operations
02/01/2023
Ancra Cargo Establishes Hebron, Kentucky, Headquarters
01/31/2023
Pace Industries Expands Jackson, Tennessee, Operations
01/31/2023
Green Georgia Plans Thomaston, Georgia, Headquarters-Manufacturing Campus
01/31/2023
Most Read
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
-
Three Big Challenges Facing the Food & Beverage Industry
Q4 2022
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Fixing the Supply Chain with AI and Robotics
Q4 2022
-
18th Annual Consultants Survey: Access to Major Markets and Skilled Labor Are Clients’ Primary Concerns
Q1 2022