The Federal Reserve Bank of New York released a report on Monday showing its reading on regional manufacturing activity unexpectedly increased in the month of November.
The New York Fed said its general business conditions index jumped to 18.7 in November after surging to 10.7 in October, with a positive reading indicating growth. Economists had expected the index to pull back to 5.8.
With the unexpected advance, the general business conditions index reached its highest level since hitting 20.2 last November.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.