from Fox Business:
WASHINGTON--Manufacturers in the New York region said business worsened in early June, according to a report released Monday by the New York Federal Reserve Bank.
The Empire state index fell to negative 9.4 in June from negative 4.6 in May, indicating the downturn broadened to more firms.
Readings under zero indicate more firms said business was worsening than said it was improving. The new orders index improved marginally to negative 8.2 from negative negative 9.0.
Economists surveyed by MarketWatch expected the headine index to fall to negative 3.0.
