Home / Market Update / NY Empire State Manufacturing Index slumps to 18.3 in August

NY Empire State Manufacturing Index slumps to 18.3 in August

The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey fell sharply to 18.3 in August from 43 in July. This reading missed the market expectation of 29 by a wide margin.

Check Also

Dow Jones Holds Steady as Markets Await Key Inflation Data

The Dow Jones Industrial Average (DJIA) remained largely unchanged on Tuesday, hovering just above the …