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2026-09-15 20:34:12
[New York State Manufacturing Sector: Sharp Decline in Economic Sentiment and Rising Prices] ⑴ The New York Fed's Empire State Manufacturing Current Business Conditions Index fell to 7.6 in September, far below the market expectation of 15.0, and down from 20.6 in August. ⑵ The New Orders Index dropped sharply from 17.3 in August to 2.0, indicating a significant weakening of demand expansion momentum. ⑶ The Employment Index rose from 9.3 in August to 10.6, indicating continued expansion in the workforce. ⑷ The Prices Paid Index rose from 58.6 in August to 63.1, further increasing cost pressures. ⑸ The Business Conditions Index for the Next 6 Months fell from 32.1 in August to 29.0, indicating a decline in business optimism regarding the medium-term outlook. ⑹ Overall, the September data showed a pattern of slowing growth and rising prices, with weakening demand being particularly prominent, while cost pressures increased rather than decreased, raising market concerns about stagflation risks and increasing the difficulty for the Federal Reserve in balancing policy.
