Tags: empire | state | factory | new york | fed

Empire State Factory Gauges Show Upward Pressure on Prices

Image: Empire State Factory Gauges Show Upward Pressure on Prices
(Endostock/Dreamstime)

Thursday, 15 February 2018 09:43 AM

A survey of manufacturing in New York state showed two measures of prices that signaled upward pressure on inflation in the sector.

The Empire State Manufacturing prices-paid index increased 12.4 points to 48.6 in February, the highest level since 2012, according to the survey published Thursday by the Federal Reserve Bank of New York.

The prices received index was little changed at 21.5, which the report said was a “level pointing to continued moderate selling price increases.”

“Input price increases picked up noticeably,” according to the report. “The index for future prices paid stayed close to last month’s multi-year high.”

© Copyright 2018 Bloomberg News. All rights reserved.

   
1Like our page
2Share
StreetTalk
A survey of manufacturing in New York state showed two measures of prices that signaled upward pressure on inflation in the sector.
empire, state, factory, new york, fed
100
2018-43-15
Thursday, 15 February 2018 09:43 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved