The Empire State Manufacturing Survey indicates that conditions for New York’s manufacturers deteriorated markedly in April. The general business conditions index dropped to –20.4, its lowest level since October 2001.
The Empire State Manufacturing Survey is a monthly survey of manufacturers in New York State conducted by the Federal Reserve Bank of New York. Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead. April 2002 is the first report, although survey data date back to July 2001. Click here for details on survey methodology.
Each month, new data will be released and the previous month's data will be revised slightly. Once per year, all data will undergo a benchmark revision.
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