The New York Federal Reserve’s Empire State general business conditions index for June increased to 19.28, the strongest reading since June 2010. The index for May was 19.01, and analysts polled by Reuters had forecast 15.00. New orders rose from 10.44 to 18.36, their highest level in almost four years, and the index for the number of employees dropped from 20.88 to 10.75, suggesting that employment is improving at a modest pace.
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