Federal Reserve Bank of New York (06/15/15)

Business conditions worsened slightly for New York manufacturers, according to the June 2015 Empire State Manufacturing Survey. The general business conditions index fell five points to -2.0, its second negative reading in the past three months. The new orders index fell six points to -2.1, and the shipments index edged down to 12.0.

Labor market conditions pointed to a modest increase in employment and a small increase in hours worked. The index for number of employees edged up three points to 8.7, and the average workweek index climbed six points to 3.9.