New York Manufacturing Down but Still Positive

New York, NY, April 15, 2013 -- The April Empire Manufacturing Survey posted a drop of about six points to 3.1 for the month, down from the March reading of 9.24.

The report showed that the new orders index was also positive but lower after falling by six points to 2.2.

One-quarter of respondents reported that conditions had improved over the month, while 22% said that conditions had worsened.