NY Empire Industrial Confidence Index

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NY Empire Industrial Confidence Index plunges unexpectedly to -31.8 points in May vs. 10.8 points in April

Link Securities | The Empire State Manufacturing Index of manufacturing activity in New York, compiled by the New York Federal Reserve, unexpectedly slipped to -31.8 points in May, down from 10.8 points in April, and versus the expected reading of -3.75 points by the analyst consensus. The reading is the lowest in four months, pointing to a sharp drop in manufacturing activity in New York. New orders (-28.0 points vs…