US: The headline general business conditions index fell six points to -1.0 - NY Fed

"Business activity leveled off in New York State, according to firms responding to the May 2017 Empire State Manufacturing Survey," said the Federal Reserve Bank of New York.

Key highlights:

• The headline general business conditions index fell six points to -1.0
• The new orders index dropped to -4.4, suggesting a small decline in orders
• The shipments index edged down to 10.6, indicating that shipments increased at a slightly slower pace than in April
• Labor market indicators pointed to a modest increase in both employment and hours worked
• Input prices and selling prices rose at a more moderate pace