“Business activity grew strongly in New York State in May” for manufacturers according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York. The index climbed 8.6 points to 19.6, its highest reading since April 2022 (a reading above 0.0 is consistent with expansion). New Orders, Shipments and Delivery Time all hit multi-year highs, as did Prices Paid and Prices Received which jumped 11.6 and 10.0 points, respectively. See the full report here.
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