New York Empire State Index is positive

The New York Empire State Index (September) for production in the US state of New York has come out with +11.4 points better than expected (forecast was -4.1; forecast was -4.7). It is a fact that the New York Empire State looked positive for a year. Has the interest rate also been overtaken after a 0.5% hike by the Fed? Manches spricht dafür..

When the New York Fed data is published, the data itself is shown:

“Business activity in New York State grew for the first time in nearly a year, according to firms responding to the September 2024 Empire State Manufacturing Survey. The overall general business conditions index rose 16 points to 11.5. New orders rose and shipments increased significantly. Delivery times and inventory availability were stable, and inventories stabilized. Labor market conditions remained weak, with employment contracting modestly and the average workweek stable. The pace of input and sales price growth changed little. Firms became more optimistic that conditions would improve in the coming months, although the capital expenditures index fell below zero for the first time since 2020.”

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