New York Manufacturing Index Declines

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Manufacturing growth in New York state declined in June, the Federal Reserve Bank of New York said Monday.

The regional Fed’s “Empire State Index,” generally the first economic indicator in a given month, fell to a negative 8.7 reading from negative 3.2 in May.

Readings above zero indicate expansion, while below that show contraction. The index averaged 17.2 last year.

Economists had forecast a reading of negative 2, Bloomberg said.



Manufacturing is one of trucking’s largest and most important customers.

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