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.
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.