Industryweek 3369 Manufacturing
Industryweek 3369 Manufacturing
Industryweek 3369 Manufacturing
Industryweek 3369 Manufacturing
Industryweek 3369 Manufacturing

New York Manufacturing Conditions Continue Steady Decline

Dec. 17, 2012
15% of those surveyed said conditions had improved over the month while 23% reported worse conditions than the prior month.

WASHINGTON -- Conditions for manufacturers in New York worsened for a fifth straight month, with new orders and shipments lower, the New York branch of the Federal Reserve said Monday.

The New York Fed's Empire State manufacturing survey fell three points to negative 8.1, "a sign that business activity declined at a modest pace for New York manufacturers in December," the Fed said.

15% of those surveyed said conditions had improved over the month while 23% reported worse conditions than the prior month.

The downturn belied expectations that there would be a rebound in the region by December, after it was hit hard by superstorm Sandy, which largely shut down activity in and around New York City at the end of October and the beginning of November.

"November's weakness was blamed on the big storm. Now it appears the storm was not the only source of weakness as manufacturing in NY state continues to shrink," said Chris Low of FTN Financial.

Copyright Agence France-Presse, 2012

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!