Connect With PPD
Follow Us:
Economy

Empire State Manufacturing Survey More than Triples Consensus in February

Empire State Manufacturing Grows at Fastest Pace Since May 2019

The Empire State Manufacturing Survey more than tripled the consensus forecast in February, as the headline index rose 8 points to 12.9. The headline general business conditions index is at the highest level since May of last year.

Forecasts for the Federal Reserve Bank of New York regional manufacturing survey ranged from a low of 1.2 to a high of 5.1. The consensus forecast was only 4.0.

Thirty-four percent (34%) of Empire State manufacturing firms said conditions improved over the month, while 21% said conditions had worsened.

The new orders index jumped 16 points to 22.1, the highest level in more than a year. That’s an indication that orders rose significantly.

The shipments index rose to 18.9, delivery times were longer and inventory more abundant.

More Economic News

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

4 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

4 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.