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Empire State manufacturing improves in October

Staff Writer | October 16, 2018
Manufacturing conditions in the New York region improved more than expected in October, according to a survey from the New York Fed.
New York Fed
America   The Empire State manufacturing index rose to 21.1
The Empire State manufacturing index rose to 21.1 from 19 in September, beating expectations for a reading of 20. The survey found that around 36% of respondents reported that conditions had improved over the month, while 15% said they had worsened.

The new orders index pushed up to 22.5 this month from 16.5 in September, while the shipments index increased to 26.3 from 14.3. The delivery time gauge ticked down to 5.0 from 6.5 in September and the inventories index slumped to 0.8 in October from 8.9 the previous month.

Meanwhile, the index for future business conditions was little changed at 29.0 versus 30.3 in September.