December 14, 2024

Manufacturing activity surges in New York region to highest level in nearly three years

 Manufacturing activity surges in New York region to highest level in nearly three years

Manufacturing activity surges in New York region to highest level in nearly three years

The New York Federal Reserve’s Empire State business conditions index, a gauge of manufacturing activity in the state, surged 43.1 points in November to 31.2, the regional Fed bank said Friday. It is the highest level in nearly three years.