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Manufacturing In NY State Contracts In April

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Manufacturing activity in New York shrank in April for the first time in four months, a sign that the strong dollar and sluggish consumer spending may be holding back factories.

The Federal Reserve Bank of New York says that its Empire State manufacturing index fell to negative 1.2 reading from a plus 6.9 in March. The latest reading is the lowest since December.

A measure of new orders fell for the third straight month to negative 6, which suggests output may remain sluggish in the coming months. A gauge of hiring, however, rose.

The survey provides an early look at U.S. manufacturing each month. The New York Fed surveys 200 businesses in the state and typically receives responses from 100.

Copyright 2015 The Associated Press.

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.
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