Empire State Manufacturing Declines Slightly In March

The New York Fed reports that the general business conditions index of its empire state manufacturing survey posted a reading of 9.24 in March. This is down slightly from the 10.04 print in February, but is still an expansionary reading and is the second such reading in a row.

The index reading was composed of 28.91% of businesses surveyed reporting that business conditions had improved during the month, while 19.68% reported that conditions had worsened.

Empire Fed Manufacturing 3 15 2013 650x433 Empire State Manufacturing Declines Slightly In March

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