New York Manufacturing Index Surges to Nearly Five-Year High in October
The New York Fed's general business conditions index rose to 25.5 in October from 7.6 in September.
WASHINGTON (dpa-AFX) - New York manufacturing activity rose sharply in the month of October, according to a report released by the Federal Reserve Bank of New York on Thursday.The New York Fed said its general business conditions index surged to 25.5 in October from 7.6 in September, with a positiv…