New York manufacturers seeing steady growth

Mar 16, 2010 | 11:26 AM | Corinna Petry

Business conditions for New York manufacturers have continued to improve at a steady pace and companies are projecting further growth in the months ahead, according to the March manufacturing survey by the Federal Reserve Bank of New York.

The general business conditions index remained near its February level at 22.9, but the new orders index increased sharply; the shipments index rose; and the inventories index moved above zero for the first time in more than a year.

Business activity remained strong in March and the general business conditions index posted its eighth consecutive positive reading. Forty-three percent of survey respondents said that conditions had improved from a month earlier while 20 percent reported that conditions had worsened.....

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