(Reuters) – Manufacturing activity in the New York region recorded a sharper decline than expected in May, the monthly survey from the regional branch of the Federal Reserve showed on Wednesday.
Its “Empire State” index goes to ???-15.6 after ??-14.3?? in April.
Economists polled by Reuters forecast an average of -10.0? in May.
The new orders component stood at ???-16.5 in May after -16.2? last month and that of employment at ???-6.4 after ??-5.1 in April?.?
The sub-index measuring companies’ judgment on their business prospects over a six-month horizon fell to +14.5 after +16.7 in April.
(Writing by Alban Kacher, editing by Kate Entringer)
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