Economic Report: New York Empire State factory gauge weakens sharply in March

by | Mar 15, 2023 | Stock Market

The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 18.8 points to negative 24.6 in March , the regional Fed bank said Wednesday.  Economists had expected a reading of negative 5.0, according to a survey by The Wall Street Journal. Readings below zero indicate contraction…

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