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2026-09-15 21:00:10
[US New York Fed Manufacturing Index Falls to 7.6 in September, Missing Expectations] ⑴ The New York Fed's September manufacturing index fell 13 points to 7.6 from 20.6 in August, below the market expectation of 14.75, indicating a slowdown in manufacturing activity. ⑵ New orders rose only slightly, shipments declined slightly, and backlogged orders increased due to significantly longer delivery times, indicating continued deterioration in supply availability. ⑶ Employment remained robust, with the employment index at 10.6 and the average weekly hours worked index rising 10 points to 17, the highest level in nearly five years. ⑷ Inflationary pressures intensified, with the prices paid index rising 5 points to 63.1, slightly above a recent four-year high, and the prices received index rising to 28.1. ⑸ Despite cost pressures, manufacturers remained optimistic about the outlook, with the future business conditions index at 29, indicating that businesses expect orders, shipments, and employment to strengthen in the coming months.
