WASHINGTON (MarketWatch) — The Empire State manufacturing index improved modestly in June, although the details remained weak, the New York Federal Reserve Bank said Monday. The Empire State index rose to 7.8 in June from negative 1.4 in the prior month. Economists polled by MarketWatch expected the index to improve to flat. However, most of the other indicators in the survey fell. The key new orders sub-index fell to negative 6.7 from negative 1.2 and shipment slipped to negative 11.8 in June from flat in May. Labor market conditions also worsened in the month. The report showed that optimism about activity six months ahead continued to wane.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Empire State index improves modestly in June is a post from: The Forex Trading System Blog
