Posted April 15, 2011
NY manufacturing climate improves
The New York Federal Reserve Bank said conditions for New York manufacturers improved at an accelerated pace in April.
The general business conditions index rose for a fifth consecutive month, reaching 21.7, its highest level in a year. The new orders index jumped 17 points, to 22.3, and the shipments index shot up 27 points to 28.3. The indexes for both prices paid and prices received rose to their highest levels in more than a year, indicating that price increases continued to accelerate.
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