Economy
June 15, 2015
Optimism Waning in Empire State Manufacturing Survey
Written by Sandy Williams
The Empire State Manufacturing Survey headline index surprised economists by falling five points to -1.98 points in June. The consensus was for an increase of 6 points in the general business index, according to Bloomberg, and is the second negative reading in three months.
The new orders index for New York manufacturers fell six points to -2.1. Shipments remained little changed at 12.0 indicating a steady growth.
