For the month of September, the Empire Manufacturing Index experienced a decline, landing at 7.6. This result fell short of the estimated 15.0 and represents a notable drop from the previous reading of 20.6.
Taking a closer look at the specific components of the report, the gauge for new orders decreased to 2.0, which is down from the prior mark of 17.3. Shipments also saw a downturn, sliding to -3.2 compared to the earlier figure of 11.7.
On the other hand, some metrics moved higher. The prices paid category climbed to 63.1, an increase from the previous 58.6. Additionally, the employment measure showed upward movement, rising to 10.6 from the prior 9.3.
Taking a closer look at the specific components of the report, the gauge for new orders decreased to 2.0, which is down from the prior mark of 17.3. Shipments also saw a downturn, sliding to -3.2 compared to the earlier figure of 11.7.
On the other hand, some metrics moved higher. The prices paid category climbed to 63.1, an increase from the previous 58.6. Additionally, the employment measure showed upward movement, rising to 10.6 from the prior 9.3.
