New York Manufacturing Continues To Expand

Washington, DC, March 15, 2011 -- Manufacturing in the New York region grew in March at a faster rate than in February, according to the Empire State manufacturing survey by the New York Federal Reserve Bank.

The Empire state index rose to 17.5 in March from 15.4 in February. This is the fourth straight increase and the highest level of the index since last June.

The two employment indexes were stronger and unfilled orders rose above zero for the first time in a year. The prices paid index rose to 53.3, and has risen a cumulative 31 points over the past four months.