April NY Fed manufacturing growth hits 6-month high

NEW YORK, April 15 (BestGrowthStock) – A gauge of manufacturing in
New York State rose to a six-month high in April as new orders
advanced and employment continued to improve, the New York
Federal Reserve said in a report on Thursday.

The New York Fed’s “Empire State” general business
conditions index rose to 31.86 in April, the highest since
October and up from 22.86 in March.

Economists polled by Reuters had expected a figure of
24.00.

The survey of manufacturing plants in the state is one of
the earliest monthly guideposts to U.S. factory conditions.

The employment index rose to 20.25 in April, the highest
since March 2006, and up from 12.35 last month. New orders rose
to a six-month high of 29.49 in April and up from 25.43 last
month.

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(Reporting by John Parry and Wanfeng Zhou; Editing by
Chizu Nomiyama)

April NY Fed manufacturing growth hits 6-month high