New York manufacturing growth accelerates as demand picks up
By Benjamin Chiou
Date: Wednesday 15 Jul 2026
(Sharecast News) - Business activity across the New York industrial sector picked up "considerably" in July, according to the latest Empire State Manufacturing Survey from the region's Federal Reserve.
The survey's headline general business conditions index rose to 15.6 this month, from 5.7 in June, marking its fourth straight month in positive territory.
While below the 19.6 print in May, this was the second-highest growth rate recorded since November 2024.
New orders and shipment volumes increased strongly over the month, while unfilled orders increased and delivery times continued to lengthen.
Meanwhile, input and selling price inflation both remained elevated but eased slightly over the month, with firms "fairly optimistic" about a further improvement in conditions over the months ahead.
"The index for number of employees rose two points to 11.4, its highest reading since December 2022, and the average workweek index came in at 2.8, suggesting an increase in both employment and hours worked for a sixth consecutive month," the New York Fed said.
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