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Article: Western New York Factory Output Plunged in December.
- Article from:
- The Buffalo News (Buffalo, NY)
- Article date:
- January 3, 2002
CopyrightCOPYRIGHT 2002 The Buffalo News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David Robinson
Jan. 3--The Western New York manufacturing economy took a sharp turn for the worse during December, with steep declines in production and new orders pushing a local purchasing managers index to its lowest level in at least five years.
The group's index, one of the earliest measures of manufacturing activity during the previous month, dropped to its lowest level since the National Association of Purchasing Management -- Buffalo began compiling the index in 1997.
The December plunge pushed the local purchasing managers index to a record low for the second straight month and pushed the economic indicator down for the fourth ...
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