US February Empire Fed +12.1 vs +6.0 expected

Author: Adam Button | Category: News

New York area manufacturing survey

Empire Fed
  • Prior was +3.5
  • New orders +10.8 vs +6.6 prior
  • Prices paid +57.8 vs +45.5 prior -- highest since May 2011
  • Six month conditions +34.9 vs +31.9 prior
  • Employment +12.1 vs +11.2 prior
  • Full report
This is a nice rebound after a few months of falling numbers. The bubbling concern is the ongoing rise in prices but there are good signs as well, with the capex index at 28.6, which is the highest in a year.

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