Widget Image
Follow PPD Social Media
Connect With PPD
Saturday, August 17, 2019
HomeNewsEconomyEmpire State Manufacturing Survey Surges in June, Highest Since October 2017

Empire State Manufacturing Survey Surges in June, Highest Since October 2017

A factory worker at a New York manufacturing plant. (Photo: Reuters)
A factory worker at a New York manufacturing plant. (Photo: Reuters)

A factory worker at a New York manufacturing plant. (Photo: Reuters)

The Empire State Manufacturing Survey surged in June to a reading of 25, easily beating the 19.1 consensus forecast and the highest level since October 2017. The index for future business conditions shot up 8 points to an elevated reading of 38.9.

Thirty-eight percent (38%) of respondents reported that conditions improved over the month, while 13% reported they had worsened. The new orders index and the shipments index showed continued strong and increased growth, with the former gaining 5 points to 21.3 and the latter 4 points to 23.5.

Written by
Staff Writing Group

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.

Latest comment

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.