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CAPITAL CORP. SYDNEY

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Contact Person: Callum S Ansell
E: callum.aus@capital.com
P: (02) 8252 5319

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22 Guild Street, NW8 2UP,
LONDON

Contact Person: Matilda O Dunn
E: matilda.uk@capital.com
P: 070 8652 7276

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Genslerstraße 9, Berlin Schöneberg 10829, BERLIN

Contact Person: Thorsten S Kohl
E: thorsten.bl@capital.com
P: 030 62 91 92

Factories rebound in June, best showing since 2014

Industry News

Manufacturing in New York state rebounded this month to the highest level since 2014, another sign of strength for America’s factories.

The Federal Reserve Bank of New York says its Empire State manufacturing index climbed to 19.8 after falling to minus-1 in May. Readings above zero show that factories are expanding.

The new orders index rose to 18.1 after registering minus-4.4 in May. But hiring slowed: The employment index came in at 7.7, positive but down from 11.9 in May.

  • Manufacturing in New York state rebounded this month to the highest level since 2014, another sign of strength for America’s factories.
  • The Empire State index only measures sentiment in New York, but economists track it because it provides an early read on factory output nationwide.

The Empire State index only measures sentiment in New York, but economists track it because it provides an early read on factory output nationwide. It has risen seven of the last eight months. A national manufacturing index from the Institute for Supply Management has registered nine straight months of growth.

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