The New York Fed manufacturing index indicated growth for the first time since November last year.

◻️The US Federal Reserve (Fed) New York Branch's September manufacturing index rose to 11.5, showing growth for the first time since November 2022.

◼️The index, which was -4.7 in August, increased by 16.2 points, well above expectations (-4.1). The new order index rose to 9.4, and the shipment index rose to 17.9.

◻️Optimism for the next 6 months rose to 30.6 points. An index above zero indicates growth in the sector, while a reading below zero indicates contraction.

✒️Ekotürk