USA: strong rise in Empire State index in September

(CercleFinance.com) - Manufacturing activity rose for the first time in almost a year in New York State, according to the local Fed's September survey, with its overall 'Empire State' index of general business conditions climbing 16 points to +11.
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Among the index's components, new orders climbed and shipments rose sharply, but employment continued to contract modestly. There was little change in the pace of increases in input and selling prices.

Manufacturing companies became more optimistic about improving conditions in the months ahead, although the capital expenditure index fell below zero for the first time since 2020.

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