Friends and Traders Forum

Manufacturing improves slightly in New York
By:Haligonian
Date: Friday, 15 August 2008, 9:31 am

Manufacturing improves slightly in New York (by Rex Nutting)

WASHINGTON (MarketWatch) -- Manufacturers in New York state said business improved slightly in early August, the New York Federal Reserve Bank reported Friday. The Empire state index rose to 2.8 in August from negative 4.9 in July. Readings over zero indicate more businesses said business conditions improved than said they worsened. The index had been below zero for five of the previous six months. The new-orders index fell to negative 2.2 and the shipments index fell to negative 0.9. The price indexes remained elevated.