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New York's manufacturing index fell to -20.0 in March, its lowest since 2023, amid declining orders and shipments.
Manufacturing activity in New York State dropped sharply in March, with the Empire State Manufacturing Index falling to -20.0, its lowest point in nearly two years.
This decline was driven by a decrease in new orders, shipments, and employment, despite a rise in input prices to their highest level in over two years.
The report indicates growing pessimism about future business conditions, potentially influenced by recent tariffs on imported goods.
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El índice de fabricación de Nueva York cayó a -20,0 en marzo, el más bajo desde 2023, en medio de pedidos y envíos en declive.