New York Manufacturing Continues To Improve
New York, NY, Nov. 17, 2014 -- Manufacturing in the New York area rebounded in November to 10.2, according to the New York Fed's latest Empire State manufacturing survey.
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Economists expected the reading to come in at 12, up from 6.17 last month. Readings above zero indicate improving conditions.
The report showed that indexes for the six-month outlook were "generally higher" in November and "conveyed a strong degree of optimism about future business conditions."
The new orders index rose eleven points to 9.1, and the shipments index advanced eleven points to 11.8.