"The headline general business conditions index fell five points to 3.7," the Federal Reserve Bank of New York said in its latest Empire State Manufacturing Survey.
- New orders increased only marginally, while shipments grew modestly.
- Delivery times and inventories held steady.
- Labor market indicators pointed to an increase in employment, but a small decline in hours worked.
- The prices paid index moved higher for the first time in four months, pointing to a pickup in input price increases, while the prices received index moved lower, indicating a slowing in selling price increases.
- Indexes assessing the six-month outlook suggested that firms remained fairly optimistic about future conditions.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.