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NY Federal Reserve Reports NY Business Economy “Growing Strongly”

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Just released this (Wednesday) morning: Business activity continued to grow strongly in New York State, according to firms responding to the November 2017 New York Federal Reserve Empire State Manufacturing Survey.

Though the headline general business conditions index fell eleven points from the multiyear high it reached last month, it remained firmly in positive territory at 19.4.

  • The new orders index climbed to 20.7
  • The shipments index came in at 18.4

Both are readings that pointed to ongoing solid gains in orders and shipments, according to the survey results.

Link: November Survey

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