Business activity picked up slightly in New York State in July, according to firms responding to the Empire State Manufacturing Survey. The headline general business conditions index climbed twenty-two points to 5.5, its first positive reading since February. New orders edged higher and shipments increased. Delivery times lengthened, and supply availability continued to worsen. Inventories grew significantly. Employment expanded for a second consecutive month, and the average workweek also increased. Input price increases picked up, while the pace of selling price increases held steady. Capital spending plans grew. ... (full story)