New York Fed factory gauge drops by record to lowest since 2016

THE NEW YORK Fed’s Empire State Manufacturing Survey’s main index fell by 26.4 points, the largest monthly decline on record, to minus 8.6 in June. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
THE NEW YORK Fed’s Empire State Manufacturing Survey’s main index fell by 26.4 points, the largest monthly decline on record, to minus 8.6 in June. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
WASHINGTON – A Federal Reserve survey of factories in New York State plunged in June by the most on record, adding to signs tariffs are weighing on manufacturers and the broader economy. The New York Fed’s Empire State Manufacturing Survey’s main index fell by 26.4 points, the largest monthly decline on record, to minus 8.6…

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