Survey: New York factories grow at slower pace in November

Manufacturing activity in New York expanded at a slower pace this month but remains at a healthy level.

Posted: Nov 15, 2017 11:16 AM

WASHINGTON (AP) - Manufacturing activity in New York expanded at a slower pace this month but remains at a healthy level.


The Federal Reserve Bank of New York says its Empire State Manufacturing Survey slid to 19.4 in November from a three-year high 30.2 last month. But any reading over zero signals growth. New orders grew faster this month, but shipments and hiring expanded at a slower pace.

Across the United States, factories are benefiting from a strengthening global economy and from a weaker dollar, which makes U.S. products cheaper in foreign markets.

The New York Fed's report adds to evidence that the U.S. economy is healthy. Growth clocked in at a solid 3 percent annual pace from July through September. Unemployment has dropped to 4.1 percent, close to a 17-year low.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

New York Coronavirus Cases

County data is updated nightly.

Confirmed Cases: 402263

Reported Deaths: 32395
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Steuben27641
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Fulton26524
Genesee2505
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Oswego2223
Wayne2093
Herkimer1934
Tompkins1860
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Chenango1696
Tioga16124
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Livingston1478
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Wyoming1025
Jefferson990
Delaware924
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