The “Empire State” activity index records an unexpected increase in April

April 15 (Reuters) – Manufacturing activity in the New York area rose unexpectedly in April, the Federal Reserve’s regional branch monthly survey showed on Friday.

Its “Empire State” index rose to +24.60 after falling to -11.80 in March.

Economists polled by Reuters on average expected a figure of +0.5.

The new orders component came out at +25.1 after -11.2 last month and that of employment at +7.3 after +14.5.

The sub-index measuring companies’ assessment of their business prospects over a six-month horizon reached +15.2 in April after +36.6 in March. (French version Elena Vardon, edited by Jean-Michel Bélot)

click here for restrictions
©2022 Reuters

Leave a Comment