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Saturday, October 19, 2019
HomeNewsEconomyEmpire State Manufacturing Survey Climbs Higher in November, Beating Forecast

Empire State Manufacturing Survey Climbs Higher in November, Beating Forecast

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 New York Federal Reserve Empire State Manufacturing Survey rose from 21.1 in October to 23.3 in November, easily beating the forecast.

Released On 11/15/2018 8:30:00 AM For Nov, 2018

Prior Consensus Consensus Range Actual
General Business Conditions Index – Level 21.1 20.0 18.0  to 22.2 23.3 

Worth noting, firms reported only a moderate level of optimism about the six-month outlook.

The index for future business conditions rose five points to 33.6. The indexes for future delivery times and future inventories both climbed above zero, suggesting that businesses expect longer delivery times and higher inventories.

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.

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