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The Empire State Manufacturing Survey, released by the Federal Reserve Bank of New York, indicated that conditions for manufacturers deteriorated in June, as measured by the survey's general business conditions index, which fell 20 points to minus 7.8 points, dipping below zero for the first time since November 2010.
The day's economic data was mixed, with growth in New York state manufacturing for July accelerating.
Most of the state manufacturing firms have been sold off; utilities are on the block.
The Empire state manufacturing index edged up to 19.57 in June from May.
Signs that the economy is indeed heading in the right direction come from the latest New York state manufacturing survey.
Within New York State, manufacturing has disappeared fastest in New York City, leaving few options for the rising tide of immigrants needing to support their families.
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Mr. Duncan said that in such states manufacturing jobs were giving way to less lucrative service jobs.
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