Congressman Lee Zeldin (R, NY-1), the Republican Party and Conservative Party nominee for Governor, released the following statement after the Empire State Manufacturing Survey showed today that the general business conditions index experienced its second largest monthly decline and among one of the lowest levels recorded in the survey’s history. Each month, the Federal Reserve Bank of New York sends out this survey to roughly 200 manufacturing executives across the state. The survey analyzes general business conditions, capital expenditures, technology spending, prices paid and prices received, new orders, number of employees, and more.
“Under one-party rule in Albany, New York has become less and less business friendly, with rising crime, high taxes, burdensome regulations, and far-left policies driving an exodus of New Yorkers leaving this state. This month’s survey is yet another indication that New York cannot continue down this path spearheaded by Kathy Hochul and her far-left allies. New Yorkers across the board are struggling. Costs are skyrocketing with inflation at a 40-year high, and labor is hard to find. It’s no wonder these businesses are reaching their breaking point. If we do not start addressing New York’s problems, our state will only continue down this path, and our economy will continue to suffer greatly. On November 8th, New Yorkers must make our voices heard, FIRE Kathy Hochul and change our ways, so businesses have a welcoming home once again in New York.”