(Finance) – The Empire State manufacturing index of New York improves and returns to positive territory in November. The indicator rose to +31.20 points from -11.90 points in October. The figure is better than analysts’ estimates, which were for a drop of up to -0.3 points.
The index measures conditions in the manufacturing sector in the borough of New York. Please remember that a level of data above/below 0 indicates that most companies report improvements/worsening of conditions.
Among the various components of the index, that on new orders improved to +28 points (from -10.2) while that on deliveries rose to +32.5 points (from -2.7). The one on inventories rises to +1 points (from -7.5).
(Photo: © jerry ferguson photograph)