July 15 (Reuters) – Manufacturing activity in the New York area rose unexpectedly in July, the Federal Reserve Regional Office’s monthly survey showed on Friday.
Its “Empire State” index rose to +11.1 after -1.2 in June.
Economists polled by Reuters on average had expected a figure of -2.0.
The new orders component came out at +6.2 in July after +5.3 last month and that of employment at +18.0 after +19.0.
The sub-index measuring the judgment of companies on their business prospects over a six-month horizon fell to -6.2 in July after +14.0 in June. (Writing by Elena Vardon, editing by Kate Entringer)