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New York State Manufacturing Plunges

November 15, 2010
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New York, NY -According to new data from the Empire State Manufacturing Survey index from the  Federal Reserve Bank of New York  the state’s manufacturing sector unpredictably shrank in November for the first time since July 2009.

The business index dropped a whopping 27 points, marking the first time the business index dropped below zero since the economic recovery began.

The new orders index fell to minus 24.4 points, from positive 12.9 points in October.

The shipments and prices received indexes fell below zero, while the prices paid slumped.

View the full survey here.

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