Empire State manufacturing index unexpectedly ticks higherStaff Writer | November 16, 2018
Business conditions in the New York region unexpectedly improved in November, according to a survey from the New York Fed.
America 41% of respondents reported an improvement in conditions
The new orders index slipped to 20.4 this month from 22.5 in October, while the shipments index rose to 28.0 from 26.3. The delivery time gauge ticked down to 5.0 from 4.4 and the inventories index surged to 10.9 from 0.8 last month.
Meanwhile, the index for future business conditions pushed up five points to 33.6. ■