The New York Fed manufacturing index for April showed an unexpected increase in market activity. This is the first time in five months that he has entered the expansion zone. New orders and shipments were quickly restored.
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The index showing demand has improved greatly, and the new orders index rose 46.8 points, a record high, to 25.1, the highest level in a year. The shipping index increased by more than 37 points.
The input price index fell by around 9 points, which suggests a moderation in input cost inflation. On the other hand, the selling price index rose slightly.
The employment index showed that employment had fallen for the third consecutive month. The index of average weekly working hours also continued to fall.
Expand the inventory level. The backlog of orders remained unchanged.
The forecast for business sentiment rose to 6.6. The business fixed investment index and employment outlook also improved.
See the table for detailed statistics.
Original title:New York Factory Activity Expands for First Time in Five Months (抜粋）
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