Market news
15.04.2021, 14:36

Manufacturing activity in the New York region expands more than anticipated in April

The report from the New York Federal Reserve showed on Thursday that manufacturing activity in the New York region expanded strongly in early April.

According to the survey, NY Fed Empire State manufacturing index climbed from 17.4 in March to 26.3 in April, pointing to the fastest growth in activity since October 2017.

Economists had expected the index to come in at 19.5.

Anything below zero signals contraction.

According to the report, the new orders index surged 17.8 points to 26.9, and the shipments index rose 3.9 points to 25.0, pointing to strong advances in orders and shipments. The delivery times index jumped 16.7 points to 28.1, pointing to the longest on record delivery times, and the inventories index went up 3.5 points to 11.6. The employment index increased 4.5 points to 13.9, indicating an ongoing rise in employment. On the price front, the prices paid index jumped 10.3 points to 74.7, its highest level since 2008, pointing to sharp input price increases, while the prices received index climbed 10.7 points to 34.9, a record high, indicating that selling prices grew at the quickest pace in more than twenty years.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location