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New York Fed Manufacturing Surges To Highest In Three Years But Profit Margins Crushed

The August Empire State Manufacturing Index printed at a blistering 25.2, reversing last month’s plunge to 9.8, smashing expectations of a 10.0 print, and the highest print since September 2014. The surge was driven by the new orders index which rose seven points to 20.6 and the shipments index, which hit 12.4. Meanwhile, delivery times […]