New York Manufacturing Index Pulls Back Sharply In June But Still Indicates Growth

New York manufacturing activity increased modestly in June after posting strong growth last month, according to the Federal Reserve Bank of New York. The report indicates continued expansion in regional manufacturing, but the move is modest and broadly neutral for markets.

Analysis

New York manufacturing activity increased modestly in June after posting strong growth last month, according to the Federal Reserve Bank of New York. The report indicates continued expansion in regional manufacturing, but the move is modest and broadly neutral for markets.