By Le Figaro with AFP
Posted 11 minutes ago, Just Updated
Employment levels rose slightly and, on the inflation side, price inflation continued to slow. Posztós János / stock.adobe.com
Manufacturing activity in the highly industrialized region of New York continued to grow in July, albeit slowing compared to the previous month, which had seen a strong rebound, and surprising analysts who had expected a sharper deterioration.
The index measuring this activity fell by 6 points compared to June, to stand at 1.1 points, according to the monthly Empire State survey, published Monday by the New York branch of the American central bank (Fed ) and carried out with industrialists in the region.
Some analysts were anticipating an index at 0, according to Briefing.com, meaning that activity would have remained identical to that of the previous month. Others even saw activity contracting and expected an index of -8.8 points, according to Market Watch.
New orders rose in July, notes the New York Fed, while delivery times were shortened and inventories continued to fall.
Employment levels rose slightly and, on the inflation side, price inflation continued to slow. For the coming months however, companies, although anticipating an improvement in conditions, are moderately optimistic.
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2023-07-17 13:26:20
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