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NY Fed Survey Shows Activity Declined For First Time Since COVID

US DATA
  • Manufacturing activity declined in New York State for the first time since mid-2020
  • Prices received index rose two points to a record high of 56.1, signaling ongoing substantial increases in both input prices and selling prices.
  • Firms were generally optimistic about the six-month outlook. Longer delivery times, higher prices, and increases in employment are all expected in the months ahead, and capital spending plans remained firm.
  • The full NY Fed Empire survey is found here: https://www.newyorkfed.org/medialibrary/media/surv...

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