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Monday, November 18, 2019
HomeNewsEconomyEmpire State Manufacturing Survey Ticks Slightly Higher in August, Beating Forecast

Empire State Manufacturing Survey Ticks Slightly Higher in August, Beating Forecast

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

The New York Federal Reserve’s Empire State Manufacturing Survey unexpectedly ticked slightly higher (0.5) in August to 4.5, beating the forecast. New orders increased after two straight months of declines.

Twenty-seven percent (27%) of respondents said conditions improved over the month, while 22% reported that conditions had worsened.

PriorConsensus ForecastForecast RangeActual
General Business Conditions Index – Level4.3 2.5 -2.5  to 6.0 4.8 

The new orders index climbed back above zero to 6.7. The shipments index increased slightly to 9.3. Unfilled orders fell for a third straight month, while delivery times were steady and inventories rose for the first time since April.

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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