U.S. Economy
US NY Empire State Manufacturing Index (Jul) 15.60 vs. Exp. 8.70 (Prev. 5.70)
StockNow breaking-news AI analysis
July's NY Empire State Index (15.60) beat expectations, driven by surging new orders. However, elevated prices and geopolitical oil risks keep the Fed cautious despite recent cooling inflation data.
News detail
New orders +22.2 (prev. +3.5 in June). Employment +11.4 (prev. 9.6). Prices paid +52.3 (prev. +61.0). Six-month business conditions +27.9 (prev. +30.1). Commentary:“New York State manufacturing activity increased substantially in July, with new orders and shipments picking up sharply. Employment grew for a sixth consecutive month. Price increases remained elevated and supply availability continued to worsen. ”
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