FYI: After four straight months of declines, the General Business Conditions for the Empire Manufacturing report came in better than expected this month. While economists were forecasting a slight increase to 15.0 from last month’s level of 13.1, the actual reading came in at 22.5, which is the highest since last October. Over the last few months, even as the General Business index declined, the index for expectations six months out continued to improve. In this month’s report, we saw a bit of a reset as the current conditions index bounced, and the expectations index pulled back.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/empire-manufacturing-breaks-four-month-losing-streak/
