NY Fed: Manufacturing Expands in June

Manufacturing in the New York region expanded in June at a faster pace, signaling factories are weathering the The Empire State Manufacturing Survey indicates that conditions for New York manufacturers improved in June. The general business conditions index edged up from its May level to 19.6, extending its string of positive readings to eleven months. The new orders and shipments indexes were also positive and higher than their May levels. The inventories index remained near zero for a second straight month, indicating that inventory levels were little changed – NY Fed

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