NY Philadelphia Fed Business Conditions Index, 6 months ahead, highest level in more than 1 year | Reuters

2023-06-15 16:00:00

According to the monthly survey on the manufacturing industry released by the Federal Reserve Bank of New York (NY) and the Federal Reserve Bank of Philadelphia on the 16th, the business sentiment index for the next six months both reached the highest level in 15 months. Northeastern U.S. manufacturers expect new orders and shipments to improve in the near term, further easing pricing pressures. (Archyde.com/Athit Perawongmetha, 2023)

[１５日 ロイター] – According to the monthly survey on the manufacturing industry released on the 16th by the US Federal Reserve Bank of New York (NY) and the Federal Reserve Bank of Philadelphia, business sentiment indexes for the six months ahead were both at the highest level in 15 months. Northeastern U.S. manufacturers expect new orders and shipments to improve in the near term, further easing pricing pressures.

The NY Fed’s six-month ahead business sentiment index has improved for the second straight month. “This suggests that businesses are becoming more optimistic that conditions will improve over the next six months,” it said in a statement. .

The Philadelphia Fed’s six-month index of business conditions above the zero threshold for the first time since February, which marks the boundary between expected expansion and contraction in activity.

Both were the highest levels since March 2022.

On the other hand, the business conditions index is mixed. The Philadelphia Fed’s business sentiment index fell below zero for the 10th straight month, while the New York Fed’s business sentiment index rose above zero, the biggest month-on-month rise in three years.

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