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Tuesday, September 15, 2020

NY Fed: Manufacturing "Business activity expanded at a solid clip in New York State" in September

by Calculated Risk on 9/15/2020 08:35:00 AM

From the NY Fed: Empire State Manufacturing Survey

Business activity expanded at a solid clip in New York State, according to firms responding to the September 2020 Empire State Manufacturing Survey. The headline general business conditions index climbed thirteen points to 17.0.
The index for number of employees held steady at 2.6, indicating little change in employment levels. The average workweek index rose fourteen points to 6.7, its first positive reading since the pandemic began, signaling an increase in hours worked.
emphasis added
This was above expectations, and showed activity expanded in September.