New York Empire State manufacturing facility gauge weakens sharply in March

The numbers: The New York Fed’s Empire State enterprise situations index, a gauge of producing exercise within the state, fell 18.8 factors to unfavorable 24.6 in March , the regional Fed financial institution stated Wednesday. 

Economists had anticipated a studying of unfavorable 5.0, in response to a survey by The Wall Street Journal.

Readings under zero point out contraction…

Source web site: www.marketwatch.com

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