Manufacturing activity in New York City expanded at the fastest pace in three years in November, the Institute of Supply Management said Tuesday.
A report from ISM-NY Inc. said the city's current business conditions index rose to 69.5 in the month, the strongest showing since October 2010.
The monthly survey found that optimism among manufacturers rose to a 12-month high with the Six Month Outlook index climbing to 69.6.
With 50 the break-even point for the indexes, employment -- with that index at 50.8 in November -- remained close to flat for the third consecutive month, the institute said.
Current revenues, at 65.8 in November, reached a nine-month high. Expected revenues, at 63.2, "expanded at a healthy clip," the report said.
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Original headline: NY manufacturing index at 3-year high
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