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New York Fed report shows unexpected manufacturing improvement, but raises inflation concerns.
The Federal Reserve Bank of New York reported a surprise improvement in regional manufacturing in February, with the general conditions index rising to 5.7 from -12.6 in January, exceeding expectations.
New orders and shipments grew, but optimism about future business activity fell, and employment levels declined.
Input prices increased at the fastest pace in nearly two years, signaling rising inflation pressures.
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El informe de la Fed de Nueva York muestra mejoras inesperadas en la fabricación, pero plantea preocupaciones inflacionarias.