Empire State Manufacturing Slips To +8.24

The general business conditions metric of the Empire State manufacturing survey was a reading of +8.24 in August, the New York Fed reports. This is down from July’s reading of 9.46, but is still an above zero reading indicating economic expansion in the manufacturing sector, albeit at a slower pace.

August’s reading was composed of 30.00% of businesses surveyed reporting that business conditions improved during the month, while 21.76% said that conditions had worsened.

Empire State Manufacturing Survey August 2013 600x376 Empire State Manufacturing Slips To +8.24

The New York Fed is the first of the 5 leading regional manufacturing surveys conducted by Federal Reserve banks to report for August. Currently, all surveys except for Richmond indicate economic expansion in the manufacturing sector.

Regional Fed Manufacturing Surveys August 15 2013 600x375 Empire State Manufacturing Slips To +8.24

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