Key manufacturing gauge reaches highest level since March, but several components declined
Monday, June 17, 2013 12:22 PM
Manufacturing activity in the New York region improved a bit in June, according to data released today, even as sales, employment and orders dropped, MarketWatch reported. The report fits with a picture of a struggling national manufacturing sector in the second quarter after a strong start to the year. The Empire State index improved a bit to 7.8 in June from negative 1.4 in the prior month, according to the manufacturing survey released by the Federal Reserve Bank of New York. The index reached its highest level in three months. Read more.