Indicators
New York Factory Activity Expands at Fastest Pace in a Year
An employee wearing a cleanroom suit performs maintenance inside a semiconductor manufacturing facility in Malta, New York.
Photographer: Cindy Schultz/BloombergNew York state factory activity in November expanded at the fastest pace in a year as new orders and shipments picked up.
The Federal Reserve Bank of New York’s general business conditions index increased 8 points to 18.7, figures issued Monday showed. Readings above zero indicate expansion, and the number exceeded all estimates in a Bloomberg survey of economists.