by Calculated Risk on 4/15/2019 08:40:00 AM
Monday, April 15, 2019
From the NY Fed: Empire State Manufacturing Survey
Business activity grew modestly in New York State, according to firms responding to the April 2019 Empire State Manufacturing Survey. The headline general business conditions index rose six points to 10.1, indicating that growth picked up somewhat but remained fairly subdued. New orders rose slightly, and shipments continued to grow modestly. Delivery times and inventories both increased. Labor market indicators pointed to ongoing employment gains and a small increase in hours worked.This was slightly above the consensus forecast.
Optimism about the six-month outlook was much lower than last month. The index for future business conditions dropped seventeen points to 12.4—its lowest level in more than three years.
Posted by Calculated Risk on 4/15/2019 08:40:00 AM