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Sunday, October 17, 2021
HomeNewsEconomyEmpire State Manufacturing Survey Rebounds Modestly After Two Disappointing Months

Empire State Manufacturing Survey Rebounds Modestly After Two Disappointing Months

Manufacturing Export Wooden Crate, reading Made in New York. 3D Illustration. (Photo: AdobeStock)
Manufacturing Export Wooden Crate, reading Made in New York. 3D Illustration. (Photo: AdobeStock)
Manufacturing Export Wooden Crate, reading Made in New York. 3D Illustration. (Photo: AdobeStock)

New York, N.Y. (PPD) — The Federal Reserve Bank of New York Empire State Manufacturing Survey rebounded modestly in February to 12.1, beating the consensus forecast. The headline general business conditions index climbed to the highest level in three months.

Prior to the election, the Empire State Manufacturing Survey was showing signs of greater-than-expected growth, tripling the forecast. It slowed immediately after the election.

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