Fed New York's regional manufacturing index rebounded to 11.5 in September, marking growth after nearly a year.
The Federal Reserve Bank of New York reported a return to growth in regional manufacturing for the first time in nearly a year, with the general conditions index rising to 11.5 in September from -4.7 in August. Key indicators such as new orders and shipments saw significant improvement. Optimism for future business activity also increased, but capital spending plans weakened. Overall, 45% of manufacturers expect improved conditions in the next six months.
September 16, 2024
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