Business activity in New York State declined modestly in June, according to the Empire State Manufacturing Survey 2024. Although the overall business conditions index rose ten points, it still stands at -6.0, a level below zero. New orders were unchanged, while shipments showed an increase. Delivery times were slightly shorter and the availability of supply, which is reported as a monthly indicator for the first time, was little changed. Stock levels remained unchanged. Labour market conditions remained weak as employment and hours worked continued to decline.