- Prior month 5.500
- NY Fed manufacturing index for August 11.90 vs 0.00 est.
Details from the NY Fed:
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General business conditions index up 6 points to 11.9, highest since Nov 2024.
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New orders index rose 13 points to 15.4, indicating strong order growth.
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Shipments index steady at 12.2, showing continued gains in shipments.
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Unfilled orders edged lower.
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Inventories index fell 22 points to -6.4, indicating inventory decline.
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Delivery times significantly longer; supply availability worsened.
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Employment index at 4.4, suggesting slight job growth.
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Average workweek around 0, meaning hours worked held steady.
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Prices paid index at 54.1, showing input price increases remain steep.
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Prices received index down to 22.9, indicating moderate selling price gains.
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Future outlook index down 8 points to 16.0, showing optimism but less than last month.
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Firms expect new orders and shipments to rise.
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Two-thirds expect input prices to rise further over next six months.
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Capital spending plans were soft.
This article was written by Greg Michalowski at investinglive.com.