FYI: After threats of tariffs on Mexican imports sent sentiment in the Empire Manufacturing Index plunging in June, things bounced back a bit in July as the headline index moved back above zero and surpassed consensus expectations. While economists were forecasting the headline index to rise up to 2.0 from last month's reading of -8.6, the actual reading came in slightly stronger at 4.3. Expectations for six-months from now improved by a smaller margin, but they also never fell as much.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/empire-index-moves-back-to-growth
