For help IN FlagEmail Us

Arnold Consulting Pvt Ltd

C/o Bigdata Technology Solutions, Al Muhairy Centre, Tower Offices, 11th Floor, Office 22, Khalidiya Abu Dhabi, UAE

Contact Person: M S Radhakrishnan
E: Radhakrishnan.ms@arnoldconsultants.com
P: +971 55 720 9005/+91-98450 30593

Arnold Consulting Pvt Ltd

7 Moira Way, Epping Vic 3076, Melbourne, Australia

Contact Person: Bipin Nazareth
E: bipin.nazareth@arnoldconsultants.com
P: 0061 431 603 483

Arnold Consulting Pvt Ltd

282, Springhill Road, Aberdeen, AB167SS, UK

Contact Person: Prakash Bennis
E: Prakash.bennis@arnoldconsultants.com
P: +44 7746 489925

Factories rebound in June, best showing since 2014

Industry News

Manufacturing in New York state rebounded this month to the highest level since 2014, another sign of strength for America’s factories.

The Federal Reserve Bank of New York says its Empire State manufacturing index climbed to 19.8 after falling to minus-1 in May. Readings above zero show that factories are expanding.

The new orders index rose to 18.1 after registering minus-4.4 in May. But hiring slowed: The employment index came in at 7.7, positive but down from 11.9 in May.

  • Manufacturing in New York state rebounded this month to the highest level since 2014, another sign of strength for America’s factories.
  • The Empire State index only measures sentiment in New York, but economists track it because it provides an early read on factory output nationwide.

The Empire State index only measures sentiment in New York, but economists track it because it provides an early read on factory output nationwide. It has risen seven of the last eight months. A national manufacturing index from the Institute for Supply Management has registered nine straight months of growth.