Empire Index, Industrial Production, Capacity Utilisation
July NY Empire Index DOWN @ 15.6 vs prior 29
Inside the number: new orders DOWN 10.3 vs prior 25.8, shipments DOWN 11.3 vs prior, prices paid DOWN 50.5 vs 52.9; employment index UP 6.5 vs prior 5.1. New York had a slow down in July and perhaps the ISM will confirm this on a national level.
June Industrial Production +0.8%; Capacity Utilisation 82.4% Full Report
Inside the number: Capacity utilisation exceeding the inflationary threshold of 81.5% for the 3rd straight month and the highest capacity utilisation level in 6 years. Q2 industrial production increased at a 6.6% annual rate, the most since Q4 of 1999. Inflation fears were stoked by this report.
Inside the number: new orders DOWN 10.3 vs prior 25.8, shipments DOWN 11.3 vs prior, prices paid DOWN 50.5 vs 52.9; employment index UP 6.5 vs prior 5.1. New York had a slow down in July and perhaps the ISM will confirm this on a national level.
June Industrial Production +0.8%; Capacity Utilisation 82.4% Full Report
Inside the number: Capacity utilisation exceeding the inflationary threshold of 81.5% for the 3rd straight month and the highest capacity utilisation level in 6 years. Q2 industrial production increased at a 6.6% annual rate, the most since Q4 of 1999. Inflation fears were stoked by this report.
Comments