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2018.10.1508:45:00UTC+00New York Manufacturing Index Rises More Than Expected In October

A report released by the Federal Reserve Bank of New York on Monday showed the pace of growth in New York manufacturing activity accelerated by more than anticipated in the month of October.

The New York Fed said its general business conditions index rose to 21.1 in October from 19.0 in September, with a positive reading indicating growth in regional manufacturing activity. Economists had expected the index to inch up to 20.0.

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