New York Federal Reserve's official report on the Empire State Manufacturing Index for October 2024

NY Fed Empire State Manufacturing Index Surges to 11.5 in September, Beating Forecast of -4.3

Sep 16, 2024, 12:30 PM

The New York Federal Reserve's Empire State Manufacturing Index for September reported a significant increase to 11.5, surpassing expectations of -4.0 and the forecast of -4.3. This marks a notable improvement from the previous month's reading of -4.7. The index, which measures manufacturing activity in New York State, indicates a positive shift in the sector's performance.