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Empire State Manufacturing Survey Conditions Continue to Pick Up
The Empire State Manufacturing Survey indicates that conditions for New York manufacturers improved at a healthy pace in February. The general business conditions index climbed 9 points, to 24.9. The new orders index fell, though it remained positive, and the shipments index inched downward as well. The inventories index rose sharply, to 0.0, its highest reading in considerably more than a year. The prices paid index was little changed from its high level last month, and the prices received index remained just above zero for a second consecutive month. Employment indexes were positive for a second consecutive month, although at relatively low levels. Future indexes continued to show a high level of optimism about the six-month outlook.
Posted: February 16, 2010 Tuesday 08:30 AM