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New York's manufacturing sector expanded in October, defying forecasts amid rising prices and supply issues.
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.
Gains in new orders, shipments, and business optimism were offset by longer delivery times, tighter supplies, and rising prices.
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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El sector manufacturero de Nueva York se expandió en octubre, desafiando las previsiones en medio de precios crecientes y problemas de suministro.