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flag New York's manufacturing index fell to -20.0 in March, its lowest since 2023, amid declining orders and shipments.

flag Manufacturing activity in New York State dropped sharply in March, with the Empire State Manufacturing Index falling to -20.0, its lowest point in nearly two years. flag This decline was driven by a decrease in new orders, shipments, and employment, despite a rise in input prices to their highest level in over two years. flag The report indicates growing pessimism about future business conditions, potentially influenced by recent tariffs on imported goods.

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