Empire State Mfg Tag

Surveys vs. Hard-Data

15 Sep, by Knowledge Leaders Team in Uncategorized

Industrial production in the US came in below expectations for the month of August (-0.1% vs consensus estimate of 0.3%) and Capacity Utilization fell to a six month low . Meanwhile, the Empire State Manufacturing Survey surged past expectations for the September (27.5 vs consensus...

More Muddle Through Data For The US

15 Nov, by Knowledge Leaders Team in Uncategorized

Two important indicators for US manufacturing were released this morning and both pointed to a continuation of the ”muddle through” pace of growth in the US. Empire Manufacturing index was below expectations at -2.2 (vs expectations of 5.5). The employment component also showed a slowdown...