Posted 9/15/2023, 12:30:00 PM
New York Manufacturing Activity Rebounds in September After Decline in August
- New York Fed's Empire State factory gauge rebounds in September after dropping in August
- Index rose to 1.9 in September from -20.1 in August, beating economist expectations
- Gains seen in new orders and shipments indexes, but unfilled orders continue to decline
- Labor market indicators show a slight decline in employment and average workweek
- Manufacturing indexes like Empire State viewed as early reads on overall U.S. factory conditions