by Mike ‘Mish’ Shedlock
The Empire State manufacturing survey is the first in the series of monthly reports from the Fed regions.
This survey picked up where it last left off, in the red, but deeper.
The Econoday Consensus Estimate for the Empire State survey was +1.00 vs. an actual reading of -6.8.
As is typically the case, economists were too optimistic. the lowest estimate for the survey was 0.00.