New York Manufacturing Improves at Slower Pace

New York, NY, Aug. 15, 2014 -- The Empire State manufacturing survey fell back to 14.7 in August after hitting a four-year high of 25.6 in July.

Nevertheless, readings above zero indicate improving conditions.

The new-orders index fell to 14.1 from 18.8 while shipments rose to 24.5 from 23.6.