(RTTNews.com) - Growth in New York manufacturing activity slowed by
more than anticipated in the month of November, according to a report
released by the Federal Reserve Bank of New York on Wednesday.
The New York Fed said its general business conditions index
dropped to 19.4 in November from 30.2 in October, although a positive
reading still indicates growth. Economists had expected the index to
fall to 26.0.
The bigger than expected decrease by the headline index was
partly due to a slowdown in the pace of shipments growth, as the
shipments index slid to 18.4 in November from 27.5 in October.
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Source: nasdaq.com (via The Empire Report)
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