N.Y. Manufacturing Index Rises to Highest Level Since June

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anufacturing growth in New York State in November rose to its highest levels since June, the Federal Reserve Bank of New York reported Wednesday.

The regional Fed’s “Empire State index” increased to 26.7 from October’s reading of 22.9. Readings above zero indicate expansion.

Economists’ had expected the level to fall to 15, Bloomberg reported.

Strong business investment is helping to offset weak housing and auto production markets as companies continue to buy new equipment, Bloomberg said.

Manufacturing is one of trucking’s largest and most important customers.