May 2021 Empire State Manufacturing Index Declines
Analyst Opinion of Empire State Manufacturing Survey
Key elements are in positive territory and all improved. This report is considered about the same as last month.
Econintersect reminds you that
this is a survey (a quantification of opinion). Please see the caveats at the end of this post. However, sometimes it is better not to look too deeply into the details of a noisy survey as just the overview is all you need to know
Expectations from Econoday were between 20.0 to 30.0 (consensus +25.0) versus the 24.3 reported. Any value above zero shows expansion for the New York area manufacturers.
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