Empire State Manufacturing Index Rises To 21.1 In October

By Kitco News / October 15, 2018 / www.kitco.com / Article Link

Editor's Note: Updating earlier story with more details from report.

(Kitco News) - The headline index in the New YorkFederal Reserve's Empire State manufacturing survey climbed to a reading of21.1 in October from 19.0 the prior month.

Going into the report, consensusexpectations compiled by various news organizations had been for the reading tobe roughly where it stood in September. Readings above zero in such diffusionindexes indicate economic expansion, and vice versa.

The index for new orders rose to22.5 in October from 16.5 in September, while the reading for shipments surgedto 26.3 from 14.3.

The readings for the inflationindexes pulled back. The one for prices paid eased to 42.0 from 46.3, while theone for prices received fell to 14.3 from 16.3

Likewise, the employment indexeswere not as strong as in September. The reading for number of employees fell to9.0 from 13.3, while the one for average employee work week fell to 0.2 from11.5.

 

By Allen Sykora

For Kitco News

Contactasykora@kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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