Home » News » Manufacturing in New York Returns to Growth in April Despite Employment Decline: Empire State Survey

Manufacturing in New York Returns to Growth in April Despite Employment Decline: Empire State Survey

By Le Figaro with AFP

Published update

New York aux États-Unis est très industrialisée." srcset="https://i.f1g.fr/media/cms/704x396_crop/2023/04/17/4d18d59a893046b5d2233f60747ab35cc775abb4d68a148f09bb54ef5e7f5482.jpg 704w, https://i.f1g.fr/media/cms/375x210_crop/2023/04/17/4d18d59a893046b5d2233f60747ab35cc775abb4d68a148f09bb54ef5e7f5482.jpg 375w " src="https://i.f1g.fr/media/cms/704x396_crop/2023/04/17/4d18d59a893046b5d2233f60747ab35cc775abb4d68a148f09bb54ef5e7f5482.jpg" width="704" height="396" layout="responsive" class="a-mp_i contain">

This content is not accessible.

The New York region in the United States is highly industrialized. MIKE FRESH / REUTERS

Manufacturing activity in the highly industrialized region of New York exceeded expectations and returned to growth in April for the first time in five months, thanks to an increase in new orders, but employment is still falling.

The index measuring the evolution of this activity rose by 35 points, to settle at 10.8 points, according to the monthly Empire State survey, published Monday by the New York branch of the American central bank (Fed ) and carried out with industrialists in the region. This surprised analysts who were anticipating a fifth month of contraction in a row and expected an index at -19.0 points, according to the consensus of Briefing.com.

This content is not accessible.

” READ ALSO – The dreaded credit crunch in the United States

In detail, the New York Fed states that “new orders and shipments surged“, while “delivery times remained stable and stocks increased». «Despite the increase in activity, employment and hours worked fell for a third consecutive month“, is it however indicated.

As for the prices of spare parts and raw materials, their rise moderated, following the evolution of inflation. The selling prices have themincreased at the same rate as last month“. And companies remain less optimistic, and still expect “little improvement in conditions over the next six months».


2023-04-17 12:39:02


1681764290
#York #manufacturing #activity #returns #growth #April

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.