NEW YORK (
) -- New York manufacturers reported a steep pick up in activity in April, according to a report released from the
New York Federal Reserve
The Empire State Manufacturing index, which is cobbled together using a survey of manufacturing executives around New York state, registered a 31.9 reading in April. The showing is a stark improvement from March when the index read 21.9, and also bettered the consensus forecast provided by
More specific survey readings throughout the manufacturing realm also showed an improving picture. A sub-index which measures inventories rose to 11.4 this month, which the report highlighted as a new record. The New York Fed also said the prices paid index jumped to its best showing since the end of 2008, rising by 12 points to read 41.8.
A gauge on employment numbers grew to its best mark in two years, the report said, climbing higher by 8 points to read 20.3 during the month.
New orders added 4 points to register 29.5, while a reading on shipments improved 7 points to 32.1.
--Written by Sung Moss in New York