Nur die Preise steigen.. New York Empire State Index stürzt ab – Stagflation?

Der New York Empire State Index (Mai) für die Produktion im Staat New York ist mit -31,80 massiv schwächer ausgefallen als erwartet (Prognose war -3,7; Vormonat war +10,8).

Marktreaktion: US-Futures tiefer, denn schlechte Nachrichten sind wieder schlechte Nachrichten, wenn die Fed die Zinsanhebungen ohnehin pausiert..

Die einzelnen Komponenten:

New orders -28.0 versus +25.1 last month
Prices paid +34.9 versus +33.0 last month
Employment -3.3 versus -8.0 last month
prices received versus +23.7 last month
Six month outlook +9.8 vs +6.6 last month

Dazu schreibt die New York Fed:

„Business activity fell sharply in New York State, according to firms responding to the May 2023 Empire State Manufacturing Survey. The headline general business conditions index dropped forty-three points to -31.8. New orders and shipments plunged after rising significantly last month. Delivery times shortened somewhat, and inventories contracted. Both employment and hours worked edged lower for a fourth consecutive month. Prices increased at about the same pace as last month. Capital spending plans turned sluggish. Looking ahead, businesses continued to expect little improvement in conditions over the next six months.“