(Finance) – The manufacturing index increases in September Empire State of New York. The indicator rose to +1.9 points from -19 points in August. The figure is better than analysts’ estimates which were for a recovery of up to -10 points.
The index measures the conditions of 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, the sui new orders goes to +5.1 points from -19.9, while that on deliveries slips recovers to +12.4 points from -12.3 points. The one on stocks it goes to -6.2 points from -9.7.