New York, NY -According to new data from the Empire State Manufacturing Survey index from the Federal Reserve Bank of New York the state’s manufacturing sector unpredictably shrank in November for the first time since July 2009.
The business index dropped a whopping 27 points, marking the first time the business
index dropped below zero since the economic recovery began.
The new orders index fell to minus 24.4 points, from positive 12.9 points in
The shipments and prices received indexes fell below zero, while the prices
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New York State Manufacturing Plunges
November 15, 2010