New York Manufacturing Improves at Faster Rate
New York, NY, Sept. 15, 2014 -- Manufacturing conditions in the New York area improved at the fastest rate since October 2009 in September, according to the New York Fed.
The Empire State manufacturing index's general business conditions index increased to 27.5 this month from a reading of 14.7 in August.
A reading above 0.0 indicates improving conditions.
The new orders index moved up three points to 16.9, and the shipments index increased two points to 27.1.