Empire State Manufacturing Index Crashes After Back to Back Gains

by Mike ‘Mish’ Shedlock
Mish Talk

The Empire State Manufacturing Index crashed to -9.02 after a brief two-month rally.

March was barely positive at +0.62 with April at +9.56.

This month, the Bloomberg Econoday consensus estimate was 7.0 in a range of 2.50 to 11.20.


What little momentum there was in the New York manufacturing sector is fizzling, based on the Empire State index which came in much weaker-than-expected, at minus 9.02 in the May report to end two lonely looking gains in April and March.

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