The June 2015 Empire State Manufacturing Survey indicates that business conditions worsened slightly for New York manufacturers. The headline general business conditions index fell five points to -2.0, its second negative reading in the past three months. The new orders index fell six points to -2.1, and the shipments index edged down to 12.0. Labor market indicators pointed to a small increase in employment levels and the average workweek....This is the first of the regional surveys for June. The general business conditions index was below the consensus forecast of a reading of 5.9, and indicates slight contraction in June.
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The index for future general business conditions fell for a second consecutive month. The four-point drop, to 25.8, signaled that optimism about the six-month outlook ebbed further in June.
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NY Fed: Empire State Manufacturing Survey indicates "conditions worsened slightly" in June
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From the NY Fed: Empire State Manufacturing Survey
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