Empire manufacturing topped expectations for the second consecutive month.
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Empire manufacturing tops expectations
A summary of empire manufacturing index report
Empire state building
The New York Empire State Manufacturing index, a monthly survey of manufacturers in New York State prepared by the New York Fed, stood at 16.4 in March.
The current reading is a drop from the two-year high of 18.7 reached in February, but above economists' expectation of 15.0.
New orders climbed to 21.3, "its highest in several years, " the New York Fed noted.
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The shipments index dropped to
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