After reporting a notable slowdown in the pace of growth in regional manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Wednesday showing an unexpected rebound in the pace of growth in the month of September.
The New York Fed said its general business conditions index surged up to 34.3 in September after plunging to 18.3 in August, with a positive reading indicating growth in regional manufacturing activity.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.