Financial News: New York Manufacturing Index Pulls Back Sharply In

New York Manufacturing Index Pulls Back Sharply In June But Still Indicates Growth

06/15/2026 - 09:32:00 (RTTNews)

(RTTNews) - After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday.

The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6 in May, although a positive reading still indicates growth. Economists had expected the index to fall to 12.5.

The sharp pullback by the headline index partly reflected a substantial slowdown in the pace of growth in new orders, as the new orders index plummeted to 3.5 in June from 22.7 in May.

The report also showed a steep drop by the shipments index, which tumbled to 8.6 in June from 18.9 in May.

Meanwhile, the number of employees index crept up to 9.6 in June from 8.3 in May, indicating a modest acceleration in the pace of job growth.

The New York Fed also said the prices paid index dipped to 61.0 in June from 62.6 in May, while the prices received index edged down to 31.4 in June from 31.8 in May.

Looking ahead, the New York Fed said firms maintained a fairly optimistic outlook for business activity, but the index for future conditions fell to 30.1 in June from 33.5 in May.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Homebuilder Confidence Dips Slightly More Than Expected In June (21 min(s), 15 sec(s) ago)
(RTTNews) - Homebuilder confidence has seen a modest deterioration in the month of June, according ...Full Story»

Bulgaria Inflation Rises Less Than Estimated (30 min(s), 15 sec(s) ago)
(RTTNews) - Bulgaria's consumer price inflation accelerated slightly less than estimated in Ma ...Full Story»

U.S. Industrial Production Inches Up 0.1% In May, Slightly Less Than Expected (41 min(s), 15 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve on Monday showed a modest increase in industr ...Full Story»

Slovakia Inflation Eases To 3.8% (49 min(s), 15 sec(s) ago)
(RTTNews) - Slovakia's consumer price inflation softened slightly in May, figures from the Sta ...Full Story»

Swiss Producer And Import Prices Unexpectedly Fall 0.4% (01 hr(s), 12 min(s), 15 sec(s) ago)
(RTTNews) - Switzerland's producer and import prices decreased for the first time in three mon ...Full Story»

New York Manufacturing Index Pulls Back Sharply In June But Still Indicates Growth (01 hr(s), 21 min(s), 15 sec(s) ago)
(RTTNews) - After posting strong growth last month, New York manufacturing activity increased mode ...Full Story»

U.S. Industrial Production Inches Slightly Higher In May (01 hr(s), 32 min(s), 15 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve on Monday showed a modest increase in industr ...Full Story»

Poland Inflation Confirmed At 3.1% (01 hr(s), 49 min(s), 15 sec(s) ago)
(RTTNews) - Poland's consumer price inflation eased slightly in May from a 10-month high in th ...Full Story»