Manufacturing in New York Area Rises in June
Manufacturing activity in the New York region increased in June, the Federal Reserve Bank of New York said June 16.
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The āEmpire State Index,ā generally the first economic indicator in a given month, rose to a 19.28 reading from 19.01 in May, the regional Fed said.
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Economists had called for a reading of 15 in June, Bloomberg News reported. Readings greater than zero show expansion.
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Manufacturing is one of truckingās largest and most important customers.