Empire State factory index improves in September after deep negative reading
The numbers: Two regional gauges of manufacturing sentiment moved into slight contraction territory in September, according to data released Thursday.
The Empire State Index, meanwhile, improved to a reading of negative 1.5 in September from negative 31.3 in the prior month, the New York Federal Reserve said. Economists had expected a reading of negative 13.8, according to the Wall Street Journal.Key details: The Philly Fed and New York indexes are based on a single-stand alone question.
New orders in the New York region rebounded 33.3 points to 3.7 in September. Shipments soared 43.7 points to 19.6 in the region.
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Empire State, Philly Fed indexes show contractions in activity in SeptemberTwo regional gauges of manufacturing sentiment were in slightly negative territory in September, according to data released Thursday.
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