facebook
twitter
search
search

Empire State manufacturing shows general improvement

July 15, 2013 at 10:40 AM

NEW YORK, July 15 (UPI) -- Manufacturing activity rose modestly in New York in July, despite declines in the number of work hours, the Federal Reserve Bank of New York said Monday.

The general business index, which was negative two months ago, rose two points in July, climbing from 7.5 to 9.5.

The Fed said the new orders index jumped 10 points to 3.8, breaking modestly into expansion territory, while the shipments index rose from minus 12 to 9.0.

The Fed said the two employment indexes were mixed. The index for the number of employees came to 3.3, indicating slight growth, while the index measuring the number of hours worked remained negative at minus 7.6.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
JetBlue first major airline to offer direct New York to Cuba flights
BBC to lay off 1,000 people to make up for $234M in lost revenue