Empire State Manufacturing Survey Rebounds to Beat Forecast in April
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, 2019 Prior Consensus Forecast Forecast Range Actual
General Business Conditions Index 3.7 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.
https://www.peoplespunditdaily.com/news/economy/2019/04/15/empire-state-manufacturing-survey-rebounds-to-beat-forecast-in-april/