Manufacturing activity in the New York area reached its highest level “in years” in April, and sales prices rose at the fastest pace in two decades, reaching an all-time high, according to the Federal Reserve’s monthly Empire State indicator published this Thursday.
The index that measures the general conditions of the activity rose nine points compared to March, to 26.3 points, more than the 23 expected by analysts.
An index greater than zero indicates that the activity continues to grow.
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