New York Area Manufacturing Up Sharply in May
New York, NY, May 15, 2014 -- Manufacturing in the New York region improved substantially in early May, according to the New York Fed.
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After barely growing in April, the Empire state index surged to 19.0 in May, its highest level since mid-2010.
Economists called for a reading of 5.4 in May.
Readings above zero signal expansion.
The future business index jumped to 44 in May, its highest level in more than two years.