This story is free to read.

New York manufacturing grows at faster pace

FILE - In this Oct. 14, 2014 file photo, David Loyola sprays crushed apples onto a cloth-covered rack before they are pressed for juice that will be used for cider at Samascott Orchards in Kinderhook, N.Y. The Federal Reserve of New York releases its November 2014 survey of manufacturers on Monday, Nov. 17, 2014. (AP Photo/Mike Groll, File) FILE - In this Oct. 14, 2014 file photo, David Loyola sprays crushed apples onto a cloth-covered rack before they are pressed for juice that will be used for cider at Samascott Orchards in Kinderhook, N.Y. The Federal Reserve of New York releases its November 2014 survey of manufacturers on Monday, Nov. 17, 2014. (AP Photo/Mike Groll, File)

By Associated Press November 17, 2014 1 min read

WASHINGTON (AP) – Manufacturers in New York grew at a faster pace in November and their expectations for future growth rose to the highest level in nearly three years.

The Federal Reserve Bank of New York says its Empire State Manufacturing index rose to 10.2 in November from 6.2 the previous month. It reached a five-year high of 27.5 in September. Any figure above zero indicates growth.

A measure of new orders increased to 9.1 after slipping into negative territory in October. A gauge of shipments also rose.

Looking ahead, an index measuring expectations for business conditions in six months rose to its highest level since January 2012.