New York News

NY Manufacturing Contracts In December

WAMC Northeast Public Radio | By Dave Lucas

Published December 15, 2014 at 4:57 PM EST

Manufacturing activity in New York state shrank in December for the first time in nearly two years, pulled down by a drop in orders and shipments.

The Federal Reserve Bank of New York said Monday that its Empire State Manufacturing index dropped to negative-3.6 in December from 10.2 the previous month. Any figure below zero indicates contraction.

Factories in the state may be slowing after a rapid run-up in business in the fall. The index reached a five-year high of 27.5 in September.

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Dave Lucas

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.

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