New York factory activity slowed to 7.6 after August’s four-year high
The New York Fed said its general business conditions index fell thirteen points to 7.6 in September but stayed positive, with new orders at 2.0 and shipments at -3.2. RTTNews reports the same 7.6 print after 20.6 in August, against an economists’ expectation of 14.1. Both accounts call this slower growth that stayed above zero.
Economics & Markets··Evening
The New York Fed keeps 7.6 above zero
The New York Fed said activity increased modestly in September and that the general business conditions index fell thirteen points but remained positive at 7.6. The new orders index came in at 2.0 and shipments at -3.2, with unfilled orders at 5.9 and delivery times at 18.8. The employees index was 10.6; the average workweek rose to 17.0, its highest in nearly five years. Prices paid rose to 63.1. The source states the same-day place, figure and next step in the open. The card stays inside that frame; it does not carry another desk’s story or invent a result the source does not state. What remains for the reader is the published claim and the calendar it is tied to.[1]
RTTNews sets 7.6 against a 14.1 forecast
The New York Fed fills 7.6 with its own sub-indexes; RTTNews compares the same number with 20.6 and the economists’ expected 14.1. Both sources keep the reading positive. This card is a slowdown that stayed above zero. The source states the same-day place, figure and next step in the open. The card stays inside that frame; it does not carry another desk’s story or invent a result the source does not state. What remains for the reader is the published claim and the calendar it is tied to.[2]
The same 7.6, a Fed table and a forecast miss
The New York Fed fills 7.6 with its own sub-indexes; RTTNews compares the same number with 20.6 and 14.1. Both sources keep the reading positive. This card is a slowdown, not a contraction. The source states the same-day place, figure and next step in the open. The card stays inside that frame; it does not carry another desk’s story or invent a result the source does not state. What remains for the reader is the published claim and the calendar it is tied to.[1], [2]
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