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flag New York manufacturing edged down slightly in February but still expanded, with rising employment and growing business optimism.

flag New York State manufacturing activity edged down slightly in February to 7.1 from 7.7, still indicating expansion despite a smaller-than-expected drop. flag Employment rose sharply, new orders and shipments remained positive but weakened, and inflationary pressures increased as prices paid and received both rose. flag Business optimism improved, with future conditions index climbing to 34.7. flag The report precedes national industrial output data and comes amid broader economic developments.

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