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Tag Archives: new york federal reserve

US factory output fell again in March

WASHINGTON (AP) — U.S. factory output dropped in March for the second straight month as manufacturers churned out fewer cars, metal parts and machinery. Factory production fell 0.3 percent, following a 0.1 percent drop in February, the Federal Reserve said Friday. The figures suggest that American manufacturers are still struggling with the triple whammy of weak overseas growth, the strong ...

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Manufacturing in New York finally expanded in March

FILE - In this Tuesday, July 7, 2015, file photo, the Statue of Liberty stands in New York harbor with the New York City skyline in the background. On Tuesday, March 15, 2016, the Federal Reserve of New York releases its March survey of manufacturers. (AP Photo/Kathy Willens, File)

WASHINGTON (AP) — Factory activity in New York expanded in March for the first time since last summer, and measures of new orders and shipments also posted robust gains. The New York Federal Reserve said Tuesday its Empire State manufacturing index rose to 0.6 in March from minus 16.6 the previous month. It was the first positive reading since July. Any reading ...

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