Despite slowing in June, manufacturing in the New York region continued to grow. The Empire Manufacturing Index came in at 5.7, down from 19.6 in May. Despite the slowdown, the index has been in growth territory for the third straight month and for the fifth time in the last six months.
The Dodge Momentum Index (DMI), a leading indicator for non-residential construction activity, increased 5.9% month-over-month in May to 275.7 (+33.8% year-over-year).
U.S. light vehicle assembly increased in April after a slight slowdown in March. Light vehicle assemblies came in at a 10.452 million unit rate, up 4.1% from March and up 2.8% from last April.
U.S. light vehicle assembly increased in April after a slight slowdown in March. Light vehicle assemblies came in at a 10.452 million unit rate, up 4.1% from March and up 2.8% from last April.
U.S. light vehicle assembly increased in April after a slight slowdown in March. Light vehicle assemblies came in at a 10.452 million unit rate, up 4.1% from March and up 2.8% from last April.
Business activity in New York’s manufacturing sector grew sharply in May. The May Empire Manufacturing Index came in at 19.6, up from 11.0 in April, hitting the highest reading since November 2024.
After a slow start to the year in January, new home sales have now rebounded in back-to-back months. New home sales came in at a 682,000 unit rate in May, up 7.4% from February and up 3.3% from the 660,000 unit rate last March.
After slipping in February, new housing starts increased sharply in March. March new housing starts came in at a 1.502 million unit rate, up 10.8% from February and up 10.8% from the 1.355 million unit rate last March.
U.S. light vehicle sales rebounded in March, now up for the second consecutive month after a slower-than-normal January.
U.S. light vehicle sales rebounded in March, now up for the second consecutive month after a slower-than-normal January.
