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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.

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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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