New York Factory Activity Expands for First Time in Five Months
A worker operates an injection molding machine at a manufacturing facility in Kingston, New York.
Photographer: Angus Mordant/BloombergNew York state factory activity unexpectedly expanded in July for the first time in five months on stronger orders and shipments.
The Federal Reserve Bank of New York’s general business conditions index increased 21.5 points to 5.5, data showed Tuesday. Readings above zero indicate expansion. None of the economists in a Bloomberg survey projected growth.