NY Fed: Empire State Business Conditions Index rises to 23.3 in October from 21.1 in September

Eren Sengezer FXStreet

"Business activity continued to grow at a solid clip in New York State, according to firms responding to the November 2018 Empire State Manufacturing Survey. The headline general business conditions index edged up two points to 23.3," the Federal Reserve Bank of New York reported today.

Key takeaways from the press release

New orders and shipments increased moderately, while unfilled orders held steady.
Labor market indicators pointed to an increase in employment levels and longer workweeks.
The prices paid index remained elevated, and the prices received index was little changed.
Looking ahead, firms remained fairly optimistic about the six-month outlook.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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