News

Manufacturing activity in New York state declined in September for the first time since June, with the headline general business conditions index falling nearly 21 points to -8.7. The new orders index plummeted 35 points to -19.6, while the shipments index dropped nearly 30 points to -17.3, the lowest levels for both indexes since April…

In September, Philadelphia’s regional manufacturing activity expanded notably following weakness in August. Rising from -0.3 to 23.2, the index for current general business activity recorded its highest reading since January. Just 16.7% of firms reported decreases in activity this month, while 39.9% noted increases. The indexes for new orders and shipments both improved, rising from…

Industrial production ticked up 0.1% in August, while manufacturing output increased 0.2% after edging down 0.1% in July. At 100.3% of its 2017 average, manufacturing production in August rose just 0.9% from the same month last year. Capacity utilization for manufacturing inched up to 76.8%, up 0.1 percentage point from July and advanced 1.2% over…