Friday, June 15, 2018

NY Fed: Manufacturing "Business activity continued to grow strongly in New York State"

by Bill McBride on 6/15/2018 08:33:00 AM

From the NY Fed: Empire State Manufacturing Survey

Manufacturing firms in New York State reported that business activity expanded at a faster pace than in May. The general business conditions index rose five points to 25.0, its highest level in several months. … The index for number of employees climbed ten points to 19.0, its highest level thus far in 2018, pointing to a pickup in employment levels.
emphasis added
This was above the consensus forecast and a strong reading.