General business conditions 11.5 versus -4.7 priorBest reading since April 2022New orders 9.4 versus -7.9 priorShipments 17.9 versus 0.3 priorUnfilled orders 2.1 versus -7.4 priorDelivery times -1.1 versus -3.2 priorInventories 0.0 versus -10.6 priorPrices paid 23.2 versus 23.4 priorPrices received 7.4 versus 8.5 priorNumber of employees -5.7 versus -6.7 priorAverage employee workweek 2.9 versus -17.8 priorSupply availability -2.1 versus -2.1 priorFuture business conditions 30.6 versus 22.9 priorFuture new orders 39.9 versus 24.8 priorFuture capital expenditures -2.1 versus 8.5 prior
Six-months ahead expectations:
Future business conditions 30.6 versus 22.9 priorFuture new orders 39.9 versus 24.8 priorFuture capital expenditures -2.1 versus 8.5 prior
This is the best reading since April 2022 and a sharp rebound after nearly a year below zero.
“New York State manufacturing activity in September grew for the
first time in nearly a year, with shipments increasing strongly.
However, employment continued to decline modestly. Firms grew
more optimistic that conditions would improve in the
months ahead, though capital spending plans were weak,” said Richard Deitz, Economic Research Advisor at the New York Fed in the release.
This article was written by Adam Button at www.forexlive.com.
