The Empire State Manufacturing Survey “indicates that manufacturing activity in New York deteriorated slightly in May,” the Federal Reserve Bank of New York yesterday reported.

The general business conditions index slipped back into negative territory, at negative 3.23 in May after posting a positive 0.63 reading in April, the Fed reported.

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.