New York Manufacturing Modestly Rises in April

Date : 15/04/2019 @ 14:17
Source : Dow Jones News

New York Manufacturing Modestly Rises in April

By Kimberly Chin

 

New York manufacturers reported a modest pickup in April as optimism wanes over future activity for the next six months.

The Empire State Manufacturing Survey's general business conditions index, compiled by the Federal Reserve Bank of New York, rose six points to 10.1 in April from the prior month. A positive index reading means activity is expanding.

Economists polled by The Wall Street Journal expected an index reading of 5.3.

The New York Fed said 33% of respondents reported business conditions improved from a month earlier while 23% said they had worsened.

However, manufacturers were moderately optimistic about the coming months as the index for future business conditions fell to its lowest level in more than three years to 12.4, declining 17 points from the prior month.

The new orders index rose 4.5 points from a month ago to 7.5 in April. Meanwhile, hiring growth fell to 11.9, from 13.8 in March.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

April 15, 2019 09:02 ET (13:02 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190616 06:35:08