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Saturday, December 9, 2023
HomeNewsEconomyEmpire State Manufacturing Survey Rebounds to Beat Forecast in April

Empire State Manufacturing Survey Rebounds to Beat Forecast in April

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

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, 2019PriorConsensus ForecastForecast RangeActual
General Business Conditions Index3.7 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.

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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