US October Empire Fed +10.5 vs +14.0 expected

Author: Adam Button | Category: News

October New York-area manufacturing survey

Empire Fed
  • Prior was +17.0
Details:
  • Manufacturing index 17.0 vs. 3.7 last month
  • new orders index 12.3 vs. 7.1 last month
  • shipments 17.8 vs. 14.1 last month
  • number of employees 7.2 vs. 2.6 last month
  • average workweek 16.1 vs. 6.7 last month
  • unfilled orders -6.6 vs. -9.4 last month
  • prices paid 27.8 vs. 25.2 last month
  • prices receives 5.3 vs. 6.5 last month
  • inventories -14.6 vs. -3.6 last month
  • Full report
This is a solid report even if it's a bit softer than expectations. Inventories are at their lowest since 2017, which is usually a positive sign as they are rebuilt.

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