Factory activity slows in Northeast
Manufacturing activity in the Northeast took a hit in October according to two newly released reports.
The November 2012 Empire State Manufacturing Survey from the Federal Reserve Bank of New York indicates that conditions for New York manufacturers declined at a modest pace. The general business conditions index, at -52, was negative for a fourth consecutive month. The new orders index rose above zero for the first time since June, although it was only slightly positive at 3.1. Click for more.
Firms responding to the Philadelphia Federal Reserve Bank's November Business Outlook Survey reported declines in business activity this month following the disruptive effects of Hurricane Sandy on the region. The survey’s indicators for general activity, which had shown improvement in October, fell back into negative territory this month. Firms reported slight declines in shipments, employment, and hours worked. Click for more.
Click here to access the Industrial Supply magazine Resource Library on current Federal Reserve District Manufacturing Surveys.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
