New York Manufacturing Index Unexpectedly Jumps To Four-Year High In May

India, May 15 -- New York manufacturing activity grew strongly in the month of May, the Federal Reserve Bank of New York said in a report released on Friday.The New York Fed said its general business conditions index shot up to 19.6 in May from 11.0 in April, with a positive reading indicating growth. The increase surprised economists, who had expected the index to pull back to 7.8.With the unexpected surge, the g...

For comments and feedback contact: [e-mail]

Published by HT Digital Content Services with permission from RTT News....