New York manufacturing index declines in April
by Eric Reinhardt
Date: 4/17/2017 at 17:14:38
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The Empire State Manufacturing Survey general business-conditions index fell 11 points to 5.2 in April, its second straight monthly decline.
The index also fell two points in March after climbing 12 points in February to its highest level in more than two years.
However, April’s 5.2 figure is the survey’s sixth consecutive positive reading. A positive index level indicates expansion or growth in manufacturing activity, while a negative index reading indicates a decline in the sector.