New York Empire State July factory activity gauge improves, but manufacturers mood darkens

The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, rose 12.3 points to 11.1 in July, the regional Fed bank said Friday. 

Economists had expected a third straight negative reading, according to a survey by The Wall Street Journal. 

Any reading above zero indicates improving…

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *