Manufacturing activity in the New York region increased in June, the Federal Reserve Bank of New York said June 16.
The “Empire State Index,” generally the first economic indicator in a given month, rose to a 19.28 reading from 19.01 in May, the regional Fed said.
Economists had called for a reading of 15 in June, Bloomberg News reported. Readings greater than zero show expansion.
Manufacturing is one of trucking’s largest and most important customers.