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flag New York's manufacturing sector expanded in October, defying forecasts amid rising prices and supply issues.

flag New York state's manufacturing sector showed unexpected improvement in October, with the Fed's index rising to 10.7 from September's -8.7, surpassing forecasts and indicating expansion. flag Gains in new orders, shipments, and business optimism were offset by longer delivery times, tighter supplies, and rising prices. flag While capital spending remained weak, nearly half of firms anticipated better conditions ahead, signaling stabilization despite ongoing inflation and supply challenges.

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