Financial News: New York Manufacturing Index Dips Further Into Negative

New York Manufacturing Index Dips Further Into Negative Territory In May

05/15/2025 - 09:03:00 (RTTNews)

(RTTNews) - A report released by the Federal Reserve Bank of New York said regional manufacturing activity continued to decline modestly in the month of May.

The New York Fed said its general business conditions index edged down to a negative 9.2 in May from a negative 8.1 in April, with a negative reading indicating contraction. Economists had expected the index to dip to a negative 10.0.

Looking ahead, the New York said firms remained pessimistic about the outlook, although the future general business conditions index climbed to a negative 2.0 in May from a negative 7.4 in April.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Business Inventories Inch Up Slightly Less Than Expected In March (02 hr(s), 23 min(s), 14 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Thursday showing a slight increase by U.S ...Full Story»

U.S. Homebuilder Confidence Unexpectedly Slumps In May (02 hr(s), 38 min(s), 14 sec(s) ago)
(RTTNews) - Reflecting growing uncertainties stemming from elevated interest rates, tariff concern ...Full Story»

U.S. Industrial Production Unexpectedly Flat In April (02 hr(s), 59 min(s), 14 sec(s) ago)
(RTTNews) - With a rebound by utilities output offset by decreases by manufacturing and mining out ...Full Story»

New York Manufacturing Index Edges Modestly Lower In May (03 hr(s), 12 min(s), 14 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of New York said regional manufacturing ...Full Story»

Ireland Trade Surplus Grows In March (03 hr(s), 20 min(s), 14 sec(s) ago)
(RTTNews) - Ireland's foreign trade surplus increased sharply in March as exports surged amid ...Full Story»

Slovenian Economy Contracts 0.7% In Q1 (03 hr(s), 26 min(s), 14 sec(s) ago)
(RTTNews) - Slovenia's economy contracted for the first time in more than four years in the fi ...Full Story»

Slovakia GDP Growth Eases To 0.9% (03 hr(s), 49 min(s), 14 sec(s) ago)
(RTTNews) - Slovakia's economic growth moderated in the first quarter of 2025, flash data from ...Full Story»

Philly Fed Index Jumps More Than Expected But Remains Negative In May (04 hr(s), 06 min(s), 14 sec(s) ago)
(RTTNews) - Philadelphia-area manufacturing activity remained weak in the month of May, according ...Full Story»