Business activity grew modestly in New York State, according to firms responding to the November 2023 Empire State Manufacturing Survey. The headline general business conditions index climbed fourteen points to 9.1. New orders continued to fall slightly, while shipments picked up. Unfilled orders declined significantly, and delivery times shortened. Inventories increased for the first time in several months. Labor market indicators pointed to a small decline in employment and the average workweek. The pace of input price increases moderated just slightly, while selling price increases were little changed. There was a ... (full story)