New York manufacturing index stays weak for a second month.

The article reports on the survey released by the Federal Reserve Bank of New York which shows the status of the business activity for manufacturers in New York in July 2011. The benchmark general business conditions index of the survey reveals a slight improvement by resting at -3.8 from -7.8 in June. Randall Wolken of the Manufacturers Association of Central New York expresses his gratefulness that business conditions do not continue to decline.