Posted June 15, 2010
Empire State manufacturing makes gains
Conditions for New York manufacturers improved in June according to the latest Empire State Manufacturing Survey from the New York Fed.
The general business conditions index edged up from its May level to 19.6, extending its string of positive readings to 11 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.
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