US May Empire Fed +17.8 vs +8.0 expected
The May Empire State Fed manufacturing index
- Prices paid 26.2 vs 27.3 prior
- New orders 9.7 vs 7.5 prior
- Employment 4.7 vs 11.9 prior
- Six month lookahead 30.6 vs 12.4
That's a lot of optimism about the future and bodes well for manufacturing in the area.
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