U.S. September Empire State manufacturing index dipped 0.8 points to 24.4
U.S. September Empire State manufacturing index dipped 0.8 points to 24.4, after surging a surprising 15.4 points to 25.2 in August, which was the highest level since September 2014's 30.2. The small give-back suggests last month's surge wasn't that fluky. Most of the key components gained. The employment index improved further to 10.6 from 6.2 previously and 3.9 in July. But the workweek basically halved back to 5.7 after rising to 10.9 from July's unchanged. New orders rose to 24.9 from 20.6. Prices paid increased to 35.8 from 31.0, with prices received at 13.8 from 6.2. The 6-month general business activity index slipped to 39.3 following the climb to 45.2, with employment at 13.8 from 9.3, new orders at 43.7 from 41.3, and prices paid at 42.3 from 33.3, while capital spending was 24.4 from 11.6.