Manufacturing activity in New York state grows in June

An indicator of manufacturing activity in the state of New York showed that the sector continued to grow in June, while employment fell sharply, a report said Tuesday the Federal Reserve in the state. The index "Empire State" of the New York Fed on general business conditions in the state in June rose to 19.57 from 19.11 in May, but well below the 31.86 April.
Economists polled by Reuters had expected the index showed a reading of 20.00 in June. Measuring employment fell, but remained in positive territory this month.
The index on the number of employees dropped to 12.35 in June from 22.37 in May. The survey of manufacturing plants in the state is one of the first monthly indicators of the conditions of the U.S. industrial sector.