The Empire State Manufacturing Survey “indicates that conditions for New York manufacturers were flat in July” as the general business conditions index narrowed to negative 0.55 in July from negative 9.41 in June, according to a statement from the Federal Reserve Bank of New York yesterday.

Economists surveyed by Thomson Reuters had expected the index would be negative 5.00.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.