Empire State Manufacturing Gauge Dips Slightly In February

MarketWatch Pulse

The Empire State manufacturing moved slightly lower but remained in positive territory in February, falling to 7.8 from 10.0 in January. That was below the MarketWatch-compiled economist forecast for a reading of 9. The survey of manufacturers by the New York Fed also showed a downward move in new orders but a rise in shipments. Any reading above zero indicates improving conditions.

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