15.01.2014 14:43:09
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New York Manufacturing Index Jumps More Than Expected
(RTTNews) - Business activity for New York manufacturers expanded at faster pace in the month of January, the Federal Reserve Bank of New York revealed in a report on Wednesday, with the index of regional activity rising much more than anticipated.
The New York Fed said its general business conditions index jumped to 12.5 in January from 2.2 in December, with a positive reading indicating an increase in regional manufacturing activity. Economists had expected the index to climb to 3.5.