Economic Collapse

[basserdan]

8:30a Empire State Mfg Survey
Index -11.6 actual vs 24.6 prior

Consensus Outlook
The Empire State index has been volatile, falling sharply in March to negative 11.8 than jumping sharply in April to 24.6. Plus 15.0 is May's consensus.

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.