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Financial News: New York Manufacturing Index Jumps Much More Than

New York Manufacturing Index Jumps Much More Than Expected In November

11/15/2021 - 08:39:00 (RTTNews)

(RTTNews) - New York manufacturing activity grew strongly in the month of November, according to a report released by the Federal Reserve Bank of New York on Monday.

The New York Fed said its general business conditions index jumped to 30.9 in November from 19.8 in October, with a positive reading indicating growth. Economists had expected the index to rise to 21.6.

Meanwhile, the report said firms were less optimistic about the six-month outlook than they were last month, with the index for future business conditions tumbling to 36.9 in November from 52.0 in October.

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