New York manufacturing activity contracted at a slower rate in June, and the six-month outlook improved.
New York manufacturing activity contracted at a slower rate in June, with the Federal Reserve Bank of New York's general business conditions index rising to -6 from -15.6 in May. The measure of prices received by producers fell to an almost one-year low. Despite the continued contraction in current activity, the six-month outlook for overall activity rose to its highest level in over two years.
June 17, 2024
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