New York Manufacturing Slows in March

New York, NY, March 17, 2015—Manufacturing activity in New York state expanded at a slightly slower pace in March, slowed by weaker shipments and new orders, according to the Federal Reserve Bank of New York.

The Empire State manufacturing index slipped to 6.9 in March from a reading of 7.8 in February, reports U.S. News & World Report.

The survey adds to signs that factory output may be slowing after solid gains for much of last year. The rising value of the dollar has hurt exports by making American-made goods more expensive in overseas markets.

http://www.floordaily.net/Flooring-News/New_York_Manufacturing_Slows_in_March.aspx

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