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Empire State Manufacturing Survey
After posting strong growth last month, business activity increased modestly in New York State in June, according to firms responding to the Empire State Manufacturing Survey. The headline general business conditions index remained positive but fell fourteen points to 5.7. New orders and shipments both moved higher, and unfilled orders increased. Delivery times continued to lengthen, and supply availability continued to worsen. Employment expanded for a fifth consecutive month, as did the length of the average workweek. The pace of input price and selling price increases remained elevated. Looking ahead, firms ... (full story)