Supply Chain Management

In New York, manufacturers grow at slower but still rapid pace in September

By MarketWatch

Sep 17, 2018

Get Plant Services delivered to your inbox Monday through Friday! Sign up for  Plant Services' complimentary Smart Minute (Monday-Thursday) and Smart Digest  (Friday) e-newsletters to get maintenance and reliability know-how you can put  to use today, plus the latest manufacturing news from around the Web, white  papers, and more. Learn more and subscribe for free today.

Factories in the New York region churned out goods at a slower but still-flourishing pace in September, a survey of executives showed.

The Empire State manufacturing index fell to 19 points in September from a 25.6 reading in August that was a 10-month high. Economists had forecast the index to come in at 23, according to a survey by Econoday.

A measure of what it costs to buy raw and partly finished goods inched up to 46.3 from 45.2, the New York Fed said. That reflects upward pressure on a variety of materials firms need to produce their goods.

Read the full story at