New York Manufacturing Nearing All Time Low
“The new orders index sank fifty-three points to -28.0, and the shipments index dropped forty points to - 16.4, indicating that both orders and shipments declined after increasing in April. The unfilled orders index fell to -13.2, a sign that unfilled orders were lower. The delivery times index fell to -5.7, suggesting delivery times shortened somewhat. The inventories index fell to - 12.3, indicating that inventories moved lower.”
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