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Manufacturing & The Economy

New York Manufacturing at Highest Level in Nearly Three Years

Manufacturing firms in New York State reported that business activity grew at a solid clip in June. After dropping to a level just below zero last month, the general business conditions index more than made up for lost ground, rising twenty-one points to 19.8, its highest level since September 2014. The pace of input price increases was unchanged, while selling price increases picked up somewhat.

New York Fed indexes assessing the six-month outlook suggested that firms continued to expect conditions to improve. 

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