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Empire State Manufacturing Survey

Empire Survey and Industrial Production Surprise to the Upside

The Empire State Manufacturing Survey’s General Business Conditions Index moved up to -0.6 from -9.4 in June. Both the new orders and shipment indices came in above 0 this month, indicating growth, at 5.9 and 11.0, respectively. But, the employment index remained depressed with a reading of -20.8, almost unchanged from the prior month. It […]