New York Manufacturing Index Jumps Much More Than Expected In July

The New York Fed reported that regional manufacturing activity picked up considerably in July, signaling improving momentum in the industrial economy. While the exact magnitude and broader implications aren’t provided, the update is directionally supportive for growth expectations and risk sentiment.

Analysis

The New York Fed reported that regional manufacturing activity picked up considerably in July, signaling improving momentum in the industrial economy. While the exact magnitude and broader implications aren’t provided, the update is directionally supportive for growth expectations and risk sentiment.