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New York Manufacturing Index Rebounds More Than Expected In February

Por: RTTNews Business February 15, 2023

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A report released by the Federal Reserve Bank of New York on Wednesday showed a significant slowdown in the pace of contraction in regional manufacturing activity in the month of February.The New York Fed said its general conditions index soared to a negative 5.8 in February from a negative 32.9 in January, although a negative reading still indicates a contraction. Economists had expected the index to jump to a negative 18.0.Looking ahead, the... + full article



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