- Prior month 5.500
- NY Fed manufacturing index for August 11.90 vs 0.00 est.
Details from the NY Fed:
General business conditions index up 6 points to 11.9, highest since Nov 2024.
New orders index rose 13 points to 15.4, indicating strong order growth.
Shipments index steady at 12.2, showing continued gains in shipments.
Unfilled orders edged lower.
Inventories index fell 22 points to -6.4, indicating inventory decline.
Delivery times significantly longer; supply availability worsened.
Employment index at 4.4, suggesting slight job growth.
Average workweek around 0, meaning hours worked held steady.
Prices paid index at 54.1, showing input price increases remain steep.
Prices received index down to 22.9, indicating moderate selling price gains.
Future outlook index down 8 points to 16.0, showing optimism but less than last month.
Firms expect new orders and shipments to rise.
Two-thirds expect input prices to rise further over next six months.
Capital spending plans were soft.
