Business is booming.

New York Fed manufacturing index drops in May

0 32

New York Fed’s May manufacturing index report has been published.

According to the report prepared as a result of the survey conducted with companies operating in the manufacturing branch in New York, the manufacturing index decreased by 36.2 points in May at the expense of minus 11.6.

In this period, on the contrary, it was expected that the information indicating a contraction in the manufacturing branch would cost 17.

The index, which shows the contraction in the manufacturing division in New York state, was 24.6 in April.

The new orders index decreased by 33.9 points to minus 8.8 in May, while the shipping index decreased by 49.9 points to minus 15.4.

Optimism for the next 6 months outlook increased from 15.2 to 18.

The manufacturing index, which gives information about the outlook in the production branch, indicates that the value above zero indicates a growth in the section, and a price below zero indicates a contraction.

Leave A Reply

Your email address will not be published.