The report from
the New York Federal Reserve showed on Monday that manufacturing activity in
the New York region expanded slightly in early November.
According to
the survey, NY Fed Empire State manufacturing index fell from 10.5 in October
to 6.3 in November, pointing to a slower pace of growth than in the previous
month. This was the lowest reading since August.
Economists had
expected the index to come in at 13.5.
Anything below
zero signals contraction.
According to
the report, the new orders index decreased nine points to 3.7, indicating a
slight advance in orders, and the shipments index fell twelve points to 6.3.
Meanwhile, the employment index went up two points to 9.4, its highest level in
nearly a year, indicating a modest gain in employment levels. Elsewhere, delivery
times were little changed, while unfilled orders and inventories continued to drop.
On the price front, the prices paid index was little changed at 29.1, a sign
that input prices increased at the same pace as last month, while the prices
received index rose six points to 11.3, indicating a pickup in selling price
increases.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.