Empire State Manufacturing Survey shows significant July growth

Kiswahili

Manufacturing activity in New York State expanded notably in July, according to the Empire State Manufacturing Survey. The diffusion index for general business conditions rose to 15.6.

The index remained in positive territory for a fourth straight month after jumping 9.9 points and exceeding the forecast of 9.3. New orders climbed 19 points to 22.2 while shipments increased 16 points to 24.4, reaching a four-year high.

Employment conditions also improved as the index for the number of employees rose two points to 11.4, its highest level since December 2022. The future business conditions index stood at 27.9, with half of respondents expecting higher activity ahead.

The survey results point to marked gains in orders and shipments across the state.

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Illustration depicting South Korea's rising industrial output, retail sales, and facility investment in March, with factories, shoppers, construction, and upward charts.
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South Korea's industrial output, retail sales and facility investment rise in March

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South Korea's industrial output, retail sales and facility investment all rose from a month earlier in March, official data showed on April 30. It marked the first time since September that all three indicators posted on-month growth. A ministry official said the Middle East crisis has not yet impacted the economy.

U.S. manufacturing PMI slips to three-month low in June

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Commercial confidence rises 0.2% in March as industrial falls, Fedesarrollo says

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Fedesarrollo's March business opinion survey showed the commercial confidence index at 22.8%, up 0.2 percentage points from February, thanks to reduced inventories. In contrast, the industrial confidence index fell 3.2 points into negative territory amid lower production expectations.

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US retail sales increased for a fifth consecutive month in June, rising 0.2 percent to 768.6 billion dollars. The modest gain matched expectations but represented a slowdown from the prior month.

India posts 7.8 percent GDP growth in March quarter

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India's economy expanded 7.8 percent in the March quarter, beating forecasts and lifting full-year growth for fiscal 2026 to 7.7 percent. The result was supported by strong private investment and consumption.

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