FOREX TradingCharts.com

Financial News: New York Manufacturing Index Climbs To More Than

New York Manufacturing Index Climbs To More Than Two-Year High In March

03/15/2021 - 09:50:00 (RTTNews)

(RTTNews) - A report released by the Federal Reserve Bank of New York on Monday showed an acceleration in the pace of growth in New York manufacturing activity in the month of March.

The New York Fed said its general business conditions index climbed to 17.4 in March from 12.1 in February, with a positive reading indicating growth in regional manufacturing activity. Economists had expected the index to rise to 14.5.

With the bigger than expected increase, the general business conditions index reached its highest level since hitting 21.2 in November of 2018.

The advance by the headline index was partly due to a substantial acceleration in the pace of growth in shipments, with the shipments index jumping to 21.1 in March from 4.0 in February.

On the other hand, the new orders index edged down to 9.1 in March from 10.8 in February, indicating a modest slowdown in the pace of growth.

The report said the number of employees index also dipped to 9.4 in March from 12.1 in February, pointing to a slowdown in the pace of job growth.

With regard to inflation, the prices paid index climbed to 64.4 in March from 57.8 in February, while the prices received index crept up to 24.2 from 23.4.

Looking ahead, the New York Fed said firms remained optimistic that conditions would improve over the next six months, anticipating significant increases in employment.

The index for future business conditions rose to 36.4 in March from 34.9 in February, suggesting that firms remained optimistic about future conditions.

On Thursday, the Federal Reserve Bank of Philadelphia is scheduled to release its report on regional manufacturing activity in the month of March.

Economists currently expect the Philly Fed's diffusion index for current activity to come in unchanged in March after dipping to 23.1 in February.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Improves Less Than Expected In April (04 hr(s), 50 min(s), 50 sec(s) ago)
(RTTNews) - After reporting a substantial rebound in U.S. consumer sentiment in the previous month ...Full Story»

U.S. Housing Starts Skyrocket To Highest Level Since June 2006 (06 hr(s), 36 min(s), 50 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed a substantial rebound in ...Full Story»

U.S. Housing Starts Rebound Much More Than Expected In March (07 hr(s), 29 min(s), 50 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed a substantial rebound in ...Full Story»

Malta HICP Inflation Steady At 0.1% In March (09 hr(s), 03 min(s), 50 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation remained stable in March, data from the National S ...Full Story»

Croatia Consumer Prices Rise For Second Month (10 hr(s), 09 min(s), 50 sec(s) ago)
(RTTNews) - Croatia's consumer prices increased for the second straight month in March, figure ...Full Story»

Eurozone Trade Surplus Declines In February (10 hr(s), 43 min(s), 50 sec(s) ago)
(RTTNews) - The euro area trade surplus declined in February as exports decreased amid rising impo ...Full Story»

Eurozone Inflation Rises As Estimated (10 hr(s), 56 min(s), 50 sec(s) ago)
(RTTNews) - Eurozone consumer prices increased as initially estimated in March, final data from Eu ...Full Story»

Italy Trade Surplus Declines In February (11 hr(s), 38 min(s), 50 sec(s) ago)
(RTTNews) - Italy's trade surplus decreased in February, data from the statistical office Ista ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Less Than Expected In April

04/16/2021 - 11:21 AM (RTTNews)
(RTTNews) - After reporting a substantial rebound in U.S. consumer sentiment in the previous month ...Full Story>>

U.S. Housing Starts Skyrocket To Highest Level Since June 2006

04/16/2021 - 09:35 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed a substantial rebound in ...Full Story>>

U.S. Housing Starts Rebound Much More Than Expected In March

04/16/2021 - 08:42 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed a substantial rebound in ...Full Story>>

Malta HICP Inflation Steady At 0.1% In March

04/16/2021 - 07:08 AM (RTTNews)
(RTTNews) - Malta's EU measure of inflation remained stable in March, data from the National S ...Full Story>>

Croatia Consumer Prices Rise For Second Month

04/16/2021 - 06:02 AM (RTTNews)
(RTTNews) - Croatia's consumer prices increased for the second straight month in March, figure ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.