Tagged: manufacturing

The recent growth in New York's manufacturing sector has slowed, but economists say it's not all bad news.

"I wouldn't make too much out of just one month. It still is indicating growth," says Richard Deitz, senior economist at the Federal Reserve Bank of New York.

On Monday, the New York Fed released the April edition of its Empire State Manufacturing Survey [PDF].

After four months of steady growth, the Fed's "business conditions index" saw a 14-point drop. Still, the overall outlook remains positive. 

Deitz says manufacturing employment continued to increase, though unevenly in different parts of the state.

Standing in a Syracuse union hall that will close later this year, Sen. Kirsten Gillibrand announced support Monday for a bill that would allow the U.S. government to slap tariffs on foreign-made auto parts.

United Auto Workers Local 624 and 2149 once supported about 4,000 workers at nearby New Process Gear. The factory, which makes parts for SUVs, is also slated to shut down later this year.

Union leaders say Gillibrand's efforts may be too late for New Process Gear, but they could help other plants in upstate New York.