New York State Manufacturing Expands Though Outlook Deteriorates.

According to a recent report from the Federal Reserve Bank of New York, manufacturing activity in New York state has strengthened this month. The general business conditions index for November reached a seven-month high of 9.1, indicating expansion. However, the outlook for the next six months has deteriorated significantly, with the index of expected business conditions contracting for the first time in a year. This suggests that manufacturers are growing increasingly concerned about their ability to weather challenges such as fragile export markets and higher borrowing costs. The report also revealed a reduction in headcount and hours worked, as well as a decrease in unfilled orders. [Extracted from the article]