U.S. manufacturing index unexpectedly deteriorated sharply to seven-year low in January

by:Gewinn     2022-04-29
According to data from the Federal Reserve Bank of New York, the New York State manufacturing index unexpectedly ended a monthly rebound in January this year, from minus 6.21 in December last year to minus 19.37, the lowest since the beginning of 2009, and has contracted for six consecutive months. , the market originally expected to continue to improve to minus 4. During the period, the new orders index dropped sharply to minus 23.54 after a downward revision of minus 6.18 in December last year; the shipment index plummeted to minus 14.39, falling back into contraction; the employment index was negative from a nearly six-and-a-half-year low in December last year. At 16.16, it rebounded to minus 13; the obtained price index continued to rise from minus 4.04 to 4, returning to a positive number; the input price index soared to 16 from 4.04. As for the business climate index for the next six months, it dropped sharply to 9.51 after a revised 35.65 from the previous value.
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