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Empire State Manufacturing Survey
Business activity increased modestly in New York State, according to firms responding to the June 2023 Empire State Manufacturing Survey. The headline general business conditions index climbed thirty-eight points to 6.6. New orders inched up, while shipments grew strongly. Delivery times held steady, and inventories moved lower. Both employment and hours worked continued to contract, and input and selling price increases slowed considerably. Planned increases in capital spending remained weak. Looking ahead, firms became more optimistic about the six-month outlook. After falling sharply last month, manufacturing ... (full story)