News
Small Business Conditions Tick Up in July
The NFIB Small Business Optimism Index ticked up 1.7 points to 100.3 in July, remaining above the 51-year average of 98. July’s increase stemmed primarily from an improvement in business conditions and reports that it was a good time to expand. Of the 10 components included in the index, six increased, two decreased and two …
Fuel and Nonfuel Import Prices Rise in July, Agricultural Export Prices Stay Same
U.S. import prices increased 0.4% in July, after slipping 0.1% in June, with both higher nonfuel and fuel prices driving the increase. Over the past year, import prices decreased 0.2%. Meanwhile, U.S. export prices ticked up 0.1% in July, with nonagricultural export prices driving the increase. Over the past year, export prices increased 2.2%. In …
New York Manufacturing Activity Grows Modestly in August
Manufacturing activity in New York state grew modestly in August. The headline general business activity index strengthened from July, rising 6.4 points to 11.9. Meanwhile, the new orders and shipments indexes also increased, to 15.4 from -2.0 and 12.2 from 11.5, respectively. Unfilled orders improved slightly but remained negative, rising from -6.4 to -5.5, while …
Major Market Groups Post Mixed Results in July
Industrial production edged down 0.1% in July, while manufacturing output stayed the same as June. At 100.2% of its 2017 average, manufacturing production in July rose 1.4% from the same month last year. Capacity utilization for manufacturing dipped to 76.8%, down 0.1 percentage points from June but increased 1.2% over the past year. Capacity remains …
Producer Prices Increase in July
The Producer Price Index for final demand (also known as wholesale prices) surged 0.9% over the month in July, the largest monthly jump since March 2022, after prices stayed the same in June. Over the year, producer prices moved up 3.3% in July, up from the 2.4% hike in June. Meanwhile, prices for final demand …
Energy Costs Fall in July, Food Prices Stay the Same
In July, consumer prices increased 0.2% over the month and 2.7% over the year, the same as the annual rise in June. Core CPI, which excludes more volatile energy and food prices, rose 0.3% over the month and 3.1% over the year, slightly higher than the 2.9% 12-month increase in the month prior. Energy costs …




