A factory worker at a New York manufacturing plant. (Photo: Reuters)
The Empire State Manufacturing Survey, a regional gauge of factory activity by the Federal Reserve, easily beat the 15.5 median forecast rising to 20.1 in May.
The new orders index rose 7 points to 16.0 and the shipments index was essentially unchanged at 19.1, indicating that orders and shipments again grew strongly.
Unfilled orders increased, and inventories moved higher. The delivery time index was close to last month’s level at 13.7, a sign that delivery times continued to lengthen.
The index for number of employees edged up three points to 8.7 and the average workweek index fell to 11.1, indicating a modest increase in employment and hours worked.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.