N.Y. Fed's Empire State manufacturing business index declines in August - Reuters

By Reuters Staff

1 Min Read

FILE PHOTO: A U.S. flag flies outside The Federal Reserve Bank of New York in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermid

(Reuters) - The New York Federal Reserve said on Monday its barometer of manufacturing business activity in New York State declined more than expected in August after growing at a record-setting pace in the month before.

The regional Fed’s “Empire State” index on current business conditions fell around 25 points to 18.3, lower than a reading of 29.0 forecast by analysts polled by Reuters. The index had hit a record high of 43 in July.

Reporting by Evan Sully; Editing by Chizu Nomiyama

Adblock test (Why?)

Read Again https://www.reuters.com/article/usa-economy-manufacturing/n-y-feds-empire-state-manufacturing-business-index-declines-in-august-idUSN9N2NL008

Bagikan Berita Ini