New orders and shipments slowed across the region in October, but manufacturing activity kept expanding. Selling-price pressures strengthened as the six-month outlook eased.
A sharp recovery in factory orders and shipments lifted New York manufacturing activity, even as supply constraints worsened and price pressures persisted.
Net income nearly doubled to $34.1 million as lower administrative costs lifted profit, even as gross margin narrowed and regional demand remained uneven.
Core inflows rose 38% from a year ago as Schwab opened more than 1.2 million brokerage accounts and quarterly net revenue reached $7.17 billion.
The rebound reversed July’s decline and lifted the three-month average, even as overseas demand and total machinery orders fell.
Factory output lifted August GDP despite flat services and weaker construction, while professional and technology-related services sustained growth over the three-month period.
Petroleum products, computers and motor vehicles helped lift the combined Swiss price index to 100.7, though it remained below its year-earlier level.
Diesel and petrol led a sharp rise in fuel costs, while services inflation and fresh-food prices also quickened in INSEE’s final September reading.
Primary metals and chemicals drove the increase, but inflation-adjusted sales volumes were flat and transportation equipment declined.
Employment fell by 39,300 people as part-time job losses outweighed full-time gains, giving the Reserve Bank another sign of a cooling labor market.