Empire State Mfg Tag

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...

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...