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NY Business Activity Slips According To August Fed Survey

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start up businessBusiness activity in New York State declined slightly in August, according to firms responding to the New York Federal Reserve’s August 2016 Empire State Manufacturing Survey.

The headline general business conditions index fell five points to -4.2.

The new orders index remained near zero, a sign that orders were little changed, while the shipments index climbed eight points to 9.0, indicating that shipments rose.

Labor market indicators pointed to little change in employment levels and hours worked.

NY Federal Reserve Report

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