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(Reuters) – Manufacturing activity in the New York area has deteriorated less than expected in recent weeks, shows Monday the monthly survey of the regional branch of the Federal Reserve.
Its “Empire State” index fell to 24.3 in May against 26.3 in April, a figure higher than the average estimate of economists polled by Reuters, which gave it to 23.9.
The component of new orders stands at 28.9 after 26.9 last month and that of employment at 13.6 against 13.9.
The sub-index measuring companies’ judgment on their business outlook over a six-month horizon fell to 36.6 from 39.8 in April.
On the contrary, that of prices paid rose to 83.5 after 74.7.
(Juliette Portala, edited by Marc Angrand)
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