NEW YORK, Aug. 17, 2015.- The manufacturing activity in New York state fell in August to its lowest level since 2009 due to sharp drops in the segments of new orders and shipments showed on Monday a survey by the Federal Reserve Bank of New York .
The index of general business conditions “Empire State” of the New York Fed dropped to -14.92 in August from 3.86 in July, its lowest level since April 2009.
Economists had forecast the index would rise to 5.00 this month. A reading above zero indicates expansion reading
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