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Empire State Manufacturing Index  
Released On 12/17/2018 8:30:00 AM For Dec, 2018
 PriorConsensusConsensus RangeActual
Index23.3 21.0 18.0  to 24.0 10.9 
US 6-Mo ChartGlobal Current
performance relative to consensus

Consensus Outlook
At a consensus 21.0 vs 23.3 in November, strong and steady growth is the expectation for December's Empire State index. With both new orders and the 6-month outlook climbing, November extended what has been an impressive run for this report.

Relative Performance Index

Econoday's RPI provides a handy summary measure of how an economy has recently been evolving relative to market expectations.
A reading above zero means that the economy in general has been performing more strongly than expected and vice versa for a reading below zero. The closer is the value to the maximum (+100) or minimum (-100) levels, the greater is the degree to which markets have been under- or over-estimating economic activity. A zero outturn would imply that, on average, the market consensus has been correct. Note too that the index is sensitized to place extra weight upon those indicators that investors consider to be the most important.

 

Definition
The New York Fed conducts this monthly survey of manufacturers in New York State. Participants from across the state represent a variety of industries. On the first of each month, the same pool of roughly 200 manufacturing executives (usually the CEO or the president) is sent a questionnaire to report the change in an assortment of indicators from the previous month. Respondents also give their views about the likely direction of these same indicators six months ahead. Why Investors Care

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