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Monday, January 30, 2023
HomeNewsEconomyNew York Manufacturing Growth Falls Dramatically in October

New York Manufacturing Growth Falls Dramatically in October

empire state manufacturing index

The New York Federal Reserve’s gauge of regional manufacturing activity in fell dramatically to 6.17 in the month of October from the measured 27.54 in September. The measurement was widely unexpected.

Economists polled by Reuters forecast a much smaller fall down to 20.50.

Readings above 0 point to expansion, while those below indicate contraction.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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