CD Media
Markets

NY Manufacturing Off The Charts In Sept Reading

NY Manufacturing Off The Charts In Sept Reading

The NY Manufacturing Survey blew away the consensus estimate this morning, reporting a reading of 17 vs the 6 expected. Markets are moving higher on this new evidence of economic recovery in the United States after the devastating lockdowns due to the Chinese coronavirus pandemic, now reported by defectors to have been developed in a Chinese bio lab.

The August Industrial Production Number however missed, showing a fractured recovery across the United States, which to be expected.

Inflation showed up slightly in the Import/Export data, which should make the Fed happy to some extent, or give them some evidence of progress in their goal of sparking just that.

NY Empire State Manufacturing Index (Sep) printed at 17 vs 6 estimate.

Import Price Index (MoM) (Aug) printed at 0.9% vs 0.5% consensus estimate.

Import Price Index (YoY) (Aug) printed at -1.4% vs -0.1% estimate.

Export Price Index (MoM) (Aug) printed at 0.5% vs 0.4% estimate.

Export Price Index (YoY) (Aug) printed at -2.8% vs -5.6% estimate.

Industrial Production (MoM) (Aug) printed at 0.4% vs 1.0% estimate.

Capacity Utilization (Aug) printed at the estimate of 71.4%.

Related posts

THE UNIPARTY CAN’T SOLVE INFLATION. HERE’S HOW POPULISTS CAN

CD Media Staff

OPEC+ Producers Can’t Stabilize Oil Market

CD Media Staff

Trump Advisors Blame Democrats For Refusing To Compromise On COVID Bill

Claire Hardwick

4 comments

NY Manufacturing Off The Charts In Sept Reading - Globalist News | #Globalist September 15, 2020 at 1:59 pm

[…] post NY Manufacturing Off The Charts In Sept Reading appeared first on CD […]

Reply
Pelosi Bows To Coronavirus Aid Pressure - Globalist News | #Globalist September 15, 2020 at 6:58 pm

[…] NY Manufacturing Off The Charts In Sept Reading […]

Reply
House Moderates Break Rank As They Introduce $1.5 Trillion Coronavirus Bill - Globalist News | #Globalist September 15, 2020 at 9:05 pm

[…] NY Manufacturing Off The Charts In Sept Reading […]

Reply
Supreme Court Justice Ruth Bader Ginsburg Dies At Age 87 - Globalist News | #Globalist September 19, 2020 at 3:00 am

[…] NY Manufacturing Off The Charts In Sept Reading […]

Reply

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky