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New York Manufacturing Index Plunges Much More Than Expected In May

Por: RTTNews Business May 15, 2023

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New York manufacturing activity has seen a substantial downturn in the month of May, according to a report released by the Federal Reserve Bank of New York on Monday.The New York Fed said its general conditions index plunged to a negative 31.8 in May from a positive 10.8 in April, with a negative reading indicating a contraction. Economists had expected the index to drop to a negative 2.5.Looking ahead, the New York Fed said businesses continued... + full article



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