Empire State Manufacturing Index Barely Above Zero

by Mike ‘Mish’ Shedlock
Mish Talk

Expectations for the Empire State Manufacturing report were for a continuation of last month’s strength. Instead, the report disappointed with a dip to barely above contraction.

The Empire State Survey is the first of the Fed regional surveys that come out each month.

Let’s take a look at the report vs. the Econoday Consensus estimate of +5.00.

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