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New York Factory Activity Falls for Third Straight Month 

By: Beldin in 6TH POPE | Recommend this post (2)
Mon, 17 Oct 22 6:58 PM | 24 view(s)
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http://www.breitbart.com/economy/2022/10/17/new-york-factory-activity-falls-for-third-straight-month/

By John Carney
Breitbart
October 17, 2022

The manufacturing sector in New York State contracted in October for the third straight month even as inflationary pressures worsened, a survey by the Federal Reserve Bank of New York showed Monday.

The Empire State Manufacturing Survey’s general business conditions index fell to minus 9.1 in October from minus 1.5 in September. Forecasters surveyed by Econoday thought the index would fall only to negative 2.5.

The reading indicates that factory activity is declining at a more rapid pace than the previous month. ...




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