New York business condition index rises significantly in May

Source: RTT News
© Scanpix/RS
Manufacturing business conditions in the New York area advanced in May improving by much more than economists originally forecast as the region's activity index recorded its four-year peak on the month, the Federal Reserve Bank of New York showed in a report on Thursday. The Fed's general business condition gauge climbed from 1.3 points in April to 19.0 points in May.

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