New York City business activity expanded at its fastest rate in 13 months as the current business conditions index improved to 67.4 in March from 63.1 in February, acccording to the Institute for Supply Management-New York’s Report on Business index released Tuesday.

“March marked the fifth straight month that the current business conditions index grew faster than the prior month, unprecedented in the survey’s 19-year history,” according to the release. A reading above 50.0 indicates expansion.

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