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New York Manufacturing Activity Reaches Nearly Five-Year High in October

New York State factory activity rose sharply in October, reaching its highest level in nearly five years, according to the New York Fed’s Empire State Manufacturing Survey.

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By Dean SealFactory activity in New York State rose sharply in October to its highest level in nearly five years, according to the latest monthly edition of the Empire State Manufacturing Survey.The Federal Reserve Bank of New York said its statewide manufacturing index of business conditions hit 2…