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Economy

Economic Data (USA)

Tuesday, December 18, 2018

Empire State Manufacturing Survey for December 2018

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (December 2018):

Expected: +30.6
Actual: +10.9

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

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The November 2018 actual figure was +23.3 

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About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

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