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New York’s manufacturing activity hits eight-month high in March

Manufacturing activity in the New York area improved more than expected in March, climbing to its highest level since July 2020, according to the Empire State monthly indicator released by the Fed on Monday.

The index measuring general business conditions stood at 17.4 points (+5.3 points compared to February), more than the 15 points expected by analysts. “Business activity grew at a steady pace in New York State», Notes the Fed in its press release.

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