NY Fed: Empire State Manufacturing Index indicates slower expansion in April

From the NY Fed: Empire State Manufacturing Survey: General Business Conditions Index Fell Eleven Points to 5.2 Responses from New York State manufacturers suggested that business activity expanded at a considerably slower pace than in the prior two months. Although the general business conditions index remained above the levels seen through most of 2016, it slipped eleven points to 5.2 . ... Employment indexes continued to signal strength in the labor market. The index for number of employees climbed another five points to 13.9-its highest level in just over two years . ... Forward-looking......(read more)

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