- The diffusion index for General Business Conditions at -11.6 was a decrease of 36.2 from the previous month's 24.6 (as per latest Empire State Manufacturing Survey).
- The Empire State Manufacturing Index rates the relative level of general business conditions in New York state.
- Following the Great Recession, the index has slipped into contraction multiple times, as the general trend slowed. We saw a gradual decline in 2015 that picked up in 2016, with a giant dip in 2020 due to COVID-19.
For further details see:
Empire State Manufacturing Survey: Activity Declines In May