New York Manufacturing Remains Weak
Washington, DC, Oct. 15, 2012 -- New York area manufacturers said business continued to deteriorate in October, according to the Federal Reserve Bank of New York.
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The Empire state index rose to negative 6.2 in October from negative 10.4 in September.
In October, 31% of firms surveyed said business got worse in October, while 25% said conditions had improved.
The gain in the index was below expectations for a rise to negative 4.0.