New York Area Manufacturing Surges in July
New York, NY, July 15, 2014 -- A New York-area manufacturing index rose to its highest level in more than four years this month.
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The Empire State manufacturing survey rose to 25.6 in July, up from 19.3 in June, the highest level since April 2010, according to the New York Fed.
Economists had expected a 17.3 reading. Readings above zero indicate improving conditions.
The shipments index improved to 23.6 from 14.2, and the new-orders index rose to 18.8 from 18.4.