In its last report of the year, the Federal Reserve Bank of NY’s Empire State Manufacturing Survey edged up a point from last month to 31.9 indicating continued manufacturing growth in NYS (a reading above 0.0 indicates expansion). This is consistent with the latest national manufacturing trends from the Institute of Supply Management’s most recent PMI Index. Both reports noted on-going workforce and supply chain challenges with delivery times lengthening and prices remaining near all-time highs. See the full report here.
