The index of manufacturing activity from the Federal Reserve Bank of New York rose in July by 13 points

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The index of manufacturing activity from the Federal Reserve Bank of New York rose in July by 13 points and amounted to 4.3 points. The indicator managed to move into the positive zone. The index value exceeded the forecast. Analysts had expected it to grow to only 1 point in July. Some participants in a survey conducted by The Wall Street Journal reported an improvement in business conditions. Manufacturers are optimistic about the prospects for the coming months. The index of new orders could not overcome the zero level this month. It was minus 1.5 points. The employment index showed a negative trend. The indicator fell by 6 points to minus 9.5 points.

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