New York Empire’s July Factory Activity Gauge Improves, But Mood Darkens

The numbers: The New York Fed’s Empire State Business Conditions Index, an indicator of manufacturing activity in the state, rose 12.3 points to 11.1 in July, it reported on Friday the Fed’s regional bank.

Economists were expecting a third consecutive negative reading, according to a Wall Street Journal survey.

Any reading above zero indicates improvement…

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