FYI: Manufacturing activity in the New York region continued to improve this month as the Empire Manufacturing report surged from 6.5 up to 18.7, which was the largest monthly increase since last June and the highest overall reading since September 2014. Relative to expectations, this month’s report was even stronger as it was the biggest ‘beat’ since May 2014. While the current conditions index increased this month, optimism about the future saw a bit of a dip, declining from 49.7 down to 41.7. However, given the wide gap between the two as of January’s report (second largest in five years), some narrowing was inevitable.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/empire-manufacturing-blows-the-door-off/
