July 17 (Reuters) – Manufacturing activity in the New York area rose in July after analysts expected it to decline, the Federal Reserve’s regional branch monthly survey showed on Monday.
Its “Empire State” index rose to +1.1 after +6.6 in June.
Economists polled by Reuters on average expected a figure of -4.3.
The new orders component came out at +3.3 after +3.1 last month and that of employment at +4.7 after -3.6.
The sub-index measuring the judgment of companies on their business prospects over a six-month horizon fell slightly to reach +14.3 after +18.9 in June.
(Editor from Gdansk)
2023-07-17 12:57:12
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