NY manufacturers bullish on future despite Nov. dip in index

Nov 16, 2009 | 01:09 PM |

Conditions for New York manufacturers dipped in November following a month earlier pickup, but the outlook for the next six months is largely upbeat, the Federal Reserve Bank of New York said on Monday.

According to survey results that make up the bank's Empire Manufacturing Index, the general business conditions index fell 11 points to 23.5, with the indices for new orders and shipments posting similar declines. Employment indices fell from October's elevated levels, remaining slightly positive.....

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