17 May 2004, 16:31 NY Fed May Empire State index eases, jobs seen
Factories in New York State saw business conditions ease a little in May after surging the previous month, and price indexes slipped from record highs, a survey said on Monday.
The Federal Reserve Bank of New York said the business conditions index of its two-year-old Empire Manufacturing Survey slipped to 30.2 in May, from a revised 34.0 in April.
"The general business conditions index remained close to its relatively high average of the past several months," the Fed said. A measure of employment pointed to improved hiring activity.||||
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