New York Manufacturing Index Indicates Modest Contraction In September
(RTTNews) - The Federal Reserve Bank of New York released a report on Thursday showing a notable rebound in regional manufacturing activity in the month of September.
The New York Fed said its general business conditions index surged to a negative 1.5 in September from a negative 31.3 in August, although a negative reading still indicates a contraction in regional manufacturing activity. Economists had expected the index to climb to a negative 13.0.
The bigger than expected rebound by the headline index partly reflected significant turnarounds in new orders and shipments.
The new orders index soared to a positive 3.7 in September from a negative 29.6 in August, while the shipments index spiked to a positive 19.6 in September from a negative 24.1 in August.
The number of employees index also rose to a positive 9.7 in September from a positive 7.4 in August, indicating slightly faster job growth.
On the inflation front, the prices paid index tumbled to a positive 39.6 in September from a positive 55.5 in August, while the prices received index slumped to a positive 23.6 in September from a positive 32.7 in August.
The report also showed the index for future business conditions rose to a positive 8.2 in September from a positive 2.1 in August.
However, the New York Fed said the latest reading suggests firms were still not very optimistic that business conditions would improve over the next six months.
U.S. Wholesale Inventories Jump 1.3% In July, In Line With Estimates
U.S. Existing Home Sales Drop Below 4.0 Mln For First Time Since June 2025
U.S. Producer Prices Increase 0.4% In August, In Line With Estimates
U.S. Jobless Claims Unexpectedly Edge Down To 206,000
U.S. Producer Prices Increase In Line With Estimates In August
U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
U.S. Job Growth Far Exceeds Estimates In August
