USA: Empire State index remains in negative territory
The Empire State index - compiled by the Federal Reserve's regional office - came in at -14.3 this month, compared with -20.9 in March.
The weekly hours worked sub-index deteriorated the most, to -10.6 from -10.4 last month, followed by shipments (-14.4 vs. -6.9 the previous month).
The new orders component improved to -16.2 from -17.2, but the six-month forward expectations sub-index deteriorated from 21.6 to 16.7.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction