The latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York shows a modest increase in manufacturing activity across the state. Led by increases in New Orders and Shipments, the general business conditions index rose 19.4 points to 10.7 (a reading above 0.0 is consistent with expansion). “Price Increases picked up and are expected to pick up further in the months ahead,” according to the Federal Reserve, while “optimism about the outlook improved noticeably.” See the full report here.
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