The headline number in Empire State manufacturing looks bleak at first glance, but there are...

|By:, SA News Editor

The headline number in Empire State manufacturing looks bleak at first glance, but there are reasons for optimism beneath the surface. New orders are at 4.3 after a -2.7 reading in August, while the employment component stood firm. Last month’s numbers showed an increase at the headline level while recording sharp drops in orders.