The Empire State Manufacturing Survey rose six points to 10.1, beating the consensus on the high end of the forecast range. However, the six-month outlook in the index for future business conditions fell 17 points to 12.4—its lowest level in more than three years.
The consensus forecast was looking for a reading of 6.8, ranging from a low of 5 to a high of 11.5
|For April, 2019||Prior||Consensus Forecast||Forecast Range||Actual|
|General Business Conditions Index||3.7||6.8||5.0 to 11.5||10.1|
Thirty-three percent (33%) of respondents said conditions improved over the month, while 23% said they had worsened. The new orders index rose five points to 7.5, while the shipments index tick up one point to 8.6.