New York Fed's Factory Outlook Index Jumps to Five-Month High
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Manufacturers in New York state are growing more upbeat about the demand outlook, just as the U.S. and China announced a thawing in their trade relationship.
The Federal Reserve Bank of New York’s survey measure of general business conditions in the next six months jumped 10.4 points in December to a five-month high of 29.8, according to a report Monday. The bank’s gauge of the orders outlook advanced 11.4 points to 35.6, the strongest since February.