New York State Manufacturing Growth Tops Forecasts, Driving Up Prices

New York state manufacturing expanded in November by more than forecast as orders growth and employment accelerated, while an index of selling prices increased to the highest in data back to 2001.

The Federal Reserve Bank of New York’s general business conditions index rose to 30.9 from 19.8 a month earlier, a report showed Monday. Figures above zero indicate expansion. The November figure exceeded all projections in a Bloomberg survey of economists.