Empire State Manufacturing Index
a.k.a. Empire State survey, NY Empire State index
A monthly New York Fed survey of manufacturers in New York State, one of the earliest reads on US factory…
In plain English
A monthly New York Fed survey of manufacturers in New York State, one of the earliest reads on US factory activity each month.
The Empire State Manufacturing Index asks New York manufacturers whether conditions are improving or worsening. Readings above zero mean expansion.
It comes out mid-month, earlier than most national factory data, so traders treat it as a first glimpse. It is a small sample and can swing a lot.
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