Empire State manufacturing index rises in April but growth still subdued
By Michele Maatouk
Date: Monday 15 Apr 2019
(Sharecast News) - Business conditions in the New York region improved more than expected in April but growth remained "fairly subdued", according to a survey released by the New York Fed on Monday.
The Empire State manufacturing index rose to 10.1 from 3.7 in March, surpassing expectations for a reading of 6.0.
The new orders index rose to 7.5 this month from 3.0 the month before, while the shipments index increased to 8.6 from 7.7.
The delivery time gauge pushed up to 7.0 from 1.4 in March and the inventories index printed at 8.4 this month from zero the previous month.
Meanwhile, optimism about the outlook for the next six months was much lower than in March, with the index for future business conditions down 17 points to 12.4, hitting it lowest level in more than three years.
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN