NEW YORK (Dow Jones) – The manufacturing sector in the New York area has seen a growth in September , but lower than experts expected. (Photo : Schneider )
The determined by the Federal Reserve Bank of New York index of general business activity in the manufacturing sector fell , according to the district from Wednesday in September at plus 4.14 . Economists polled by Dow Jones Newswires had forecast a level of plus 7.00. In August, the Index has exhibited a value of plus 7.10 .
The index component to the order intake increased in September to plus 4.33 (previous month : minus 2.71) . The subindex for employment stagnated at close to 14.93 plus ( + 14,29 ). For the prices paid , a value of plus 22:39 (plus 20:00 ) was reported.
Economists see the Empire State Manufacturing Survey , as well as the indicator of the Philadelphia Fed as relatively reliable precursor to the much acclaimed ISM index for the manufacturing sector in the United States. The index was first identified in July 2001.
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