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Economy And The Numbers

New York Manufacturing Index Indicates Significant Turnaround In June

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

A report released by the Federal Reserve Bank of New York on Thursday showed a significant turnaround in regional manufacturing activity in the month of June.The New York Fed said its general business conditions index soared to a positive 6.6 in June from a negative 31.8 in May, with a positive reading indicating growth. Economists had expected the index to jump to a negative 15.1.The much bigger ...

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