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Empire State Manufacturing Survey
Business activity picked up significantly in New York State, according to firms responding to the May 2019 Empire State Manufacturing Survey. The headline general business conditions index climbed eight points to 17.8, its highest level in six months. New orders and shipments also grew at a faster pace than in recent months. Delivery times held steady, and inventories moved slightly lower. Labor market indicators pointed to small increases in employment and hours worked. Price indexes were little changed, suggesting that prices increased at about the same pace as last month. Indexes assessing the six-month outlook ... (full story)