A report released by the Federal Reserve Bank of New York on Friday showed a substantial turnaround by New York manufacturing activity in the month of September.
The New York Fed said its general business conditions index surged to a positive 1.9 in September from a negative 19.0 in August, with a positive reading indicating growth in regional manufacturing activity. Economists had expected the index to climb to a negative 10.0.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.