0

August 17, 2015 AT 12:19 pm

Manufacturing in New York slumps even as outlook brightens #makerbusiness

Adafruit 0245

Manufacturing in New York slumps even as outlook brightens | Crain’s New York Business.

Manufacturing in the New York region slumped at the fastest pace since the depths of the last recession, a report from the Federal Reserve Bank of New York showed Monday.
The central bank branch’s so-called Empire State index plunged to minus 14.9 in August, the lowest level since April 2009, from 3.9 the prior month. Readings less than zero signal contraction. Gauges of orders and sales also retreated.

Manufacturing in New York state accounts for about 3% of the U.S. total, according to figures from the National Association of Manufacturers in Washington. Factory output, in turn, makes up about 12% of nation’s gross domestic product.


Check out all the Circuit Playground Episodes! Our new kid’s show and subscribe!

Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.

Join us every Wednesday night at 8pm ET for Ask an Engineer!

Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground”Adafruit’s Apps!


Maker Business — How Intel Makes a Chip

Wearables — Tape tactics

Electronics — Ground connections cooler via more vias

Biohacking — Itch Tracker for Apple Watch

Get the only spam-free daily newsletter about wearables, running a "maker business", electronic tips and more! Subscribe at AdafruitDaily.com !



No Comments

No comments yet.

Sorry, the comment form is closed at this time.