date:Apr 16, 2014
third in a row below that threshold.
In another report, the New York Fed said its Empire State general business conditions index fell to a five-month low of 1.29 in April from 5.61 in March. Economists had expected a reading of 8.0 for the period.
The gauge of New York state manufacturing was pulled down by a plunge in new orders.
Despite the slump, manufacturers managed to push through price increases. However, they were not too optimistic they would be able to continue raising prices over