New York Factory Activity Rose in April, Though Outlook Worsens
A worker assembles parts for bridge ventilators at a manufacturing facility in the Queens borough of New York.
Photographer: Mark Kauzlarich/BloombergNew York state factory activity expanded in April at the strongest pace in five months, though firms’ views about the outlook and costs soured in the wake of the Iran war.
The Federal Reserve Bank of New York’s general business conditions index increased by 11.2 points to 11, figures issued Wednesday showed. Readings above zero indicate expansion. The survey reflected the strongest growth in orders and shipments since 2023.