“After falling sharply last month, manufacturing activity increased modestly in New York State,” according to the June Empire State Manufacturing Survey from the Federal Reserve Bank of New York. The index jumped 38.4 points from -31.0 to 6.6 (a reading above 0.0 is indicative of expansion), led by New Orders and Shipments, while current indicators for Prices Paid and Prices Received fell to levels not seen since 2020. See the full report here.
