The US empire manufacturing index for the month of September showed
a dip to 24.4 from 25.2 last month but that was better than
expectations at 18.0.
- Employment index 10.6 vs 6.2 last month
- New orders 24.9 vs 20.6 last month
- Prices paid 35.8 vs 31.0 last month
- 6 month business conditions 39.3 vs 45.2 last month
Overall
a better than expected report despite the dip. The index remains toward
the high end of the longer term range (see chart below).
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