NY Fed: Headline general business conditions index fell ten points to 9.8

"Business activity grew modestly in New York State, according to firms responding to the July 2017 Empire State Manufacturing Survey," announced the Federal Reserve Bank of New York.

Key quotes:

  • The headline general business conditions index fell ten points to 9.8
  • The new orders index moved down to 13.3, and the shipments index fell to 10.5, suggesting that orders and shipments continued to grow, though at a somewhat slower pace than in June
  • Delivery times continued to lengthen, and inventory levels were fairly steady
  • Labor market indicators pointed to a small increase in employment and no change in hours worked. Input prices and selling prices rose at about the same pace as last month
  • Indexes assessing the six-month outlook suggested that firms remained positive about future conditions, though they were less optimistic than in June

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 securities. 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 Forex 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.