Tuesday, May 15, 2018

Earlier from the NY Fed: Manufacturing "Business activity grew strongly in New York State"

by Calculated Risk on 5/15/2018 01:02:00 PM

Earlier for the NY Fed: Empire State Manufacturing Survey

Business activity grew strongly in New York State, according to firms responding to the May 2018 Empire State Manufacturing Survey. The headline general business conditions index climbed four points to 20.1, indicating a faster pace of growth than in April. The new orders index rose seven points to 16.0 and the shipments index was little changed at 19.1, suggesting ongoing growth in orders and shipments. ... Labor market indicators pointed to a modest increase in employment and longer workweeks.
emphasis added
This was above the consensus forecast, and another solid reading.