New York Fed's manufacturing index is improving, and the U.S. economy is still bright

The U.S. Federal Reserve’s manufacturing survey index for July in US local time Monday (July 16) was 7.4, which was a sharp increase from June’s 2.3 and higher than market expectations of 4.0. When the data is greater than zero, it indicates that the manufacturing activity in the New York metropolitan area is showing positive growth. This data has remained above zero since November last year.

Relatively good data from the New York Fed's manufacturing survey made investors' concerns about the state of U.S. manufacturing activity greatly eased. Prior to this, due to the deep debt and economic crisis in Europe, China's economic growth slowed down, causing many analysts to worry that the US manufacturing industry would be subject to both domestic demand and weak external demand.

Analysts pointed out that the state of manufacturing activity is still heating up, which is a great advantage for the U.S. economy, and given that manufacturing is an important engine of overall economic growth, the relative stability of this situation is the prospect of continued U.S. economic recovery. Inject a needle.

Since the outbreak of the financial crisis in 2008, manufacturing has become the main driver of US economic recovery, and the "manufacturing" return strategy pursued by the Obama administration has recently achieved considerable results and has become a deterrent to the employment situation. Further deteriorating factors.

The US retail sales data released at the same time on Monday was not satisfactory. It also seems to indicate that there may still be considerable imbalances in the US economy. Contradictions and contrasts between various economic data may enable the Federal Reserve's (Fed) policy makers to remain on the sidelines of the macroeconomic background, and thus expect the Fed Chairman Ben Bernanke to be on Tuesday’s In the testimony, the prospect of the new round of quantitative easing measures will not be explicitly mentioned.