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Industry News
19th July 2017

Empire State manufacturing index retreats in July from two-year high

A reading of New York-area manufacturing cooled in July from a two-year high, according to data released Monday. The New York Fed’s Empire State manufacturing index fell to a seasonally adjusted reading of 9.8 from 19.8 in June. Economists polled by Econoday expected a reading of 15, on a scale where any figure above zero indicates improving conditions.

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