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2026-02-17 21:38:28
[US February New York Fed Manufacturing Index Slightly Declines, But Employment and Expectations Improve Significantly] ⑴ Data released by the New York Fed on Tuesday showed that the New York Fed Manufacturing Index for February was +7.1, slightly lower than January's +7.7, but higher than the market expectation of +6.98. The new orders index slightly decreased from +6.6 in January to +5.8, indicating a slight slowdown in the pace of expansion in manufacturing activity. ⑵ Labor market indicators improved significantly. The employment index rebounded sharply from -9.0 in January to +4.0, returning to expansion territory after a month, indicating a significant improvement in manufacturing employment in the region. ⑶ Businesses are more optimistic about the next six months. The business conditions index for the next six months rose to +34.7 in February, higher than January's +30.3, indicating that manufacturers' confidence in the medium-term outlook has strengthened. ⑷ Inflationary pressures have risen somewhat. The prices paid index jumped from +42.8 in January to +49.1, a recent high, indicating that businesses are facing increasing cost pressures. The market will be watching to see if this trend will translate into subsequent consumer prices.
