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Empire State Manufacturing Survey (overview) – Federal Reserve Bank of New York

Empire State Manufacturing Survey (overview) - Federal Reserve Bank of New York

The May Empire State Manufacturing Survey indicates that manufacturing activity expanded in New York State at a moderate pace. The general business conditions index rose eleven points to 17.1. The new orders index inched up to 8.3, and the shipments index shot up eighteen points to 24.1. The indexes for both prices paid and prices received were positive but lower in May, indicating that the pace of price increases slowed. Employment index readings remained relatively healthy, suggesting that employment levels and hours worked continued to expand. Future indexes were noticeably lower than last month, indicating a positive but somewhat less optimistic view of the six-month outlook.

via Empire State Manufacturing Survey (overview) – Federal Reserve Bank of New York.

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