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Empire State Index posts

Fed's New York Factory Gauge Falls in September

Posted Sep 15th 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Before the Bell, Bad News, Economic Data

While many want to believe that the economy is turning around, the New York Federal Reserve Bank did little to convince the doubters. During September, the Empire State Index dropped to 4.1 from August's reading of 7.1. This was far short of expectations, as well as the lowest level since July 2009.

The Empire State Index was as high as 31.9 in April and 19.6 in June. The latest reading suggests that growth is slowing, contrary to what many experts want us to believe.

Continue reading Fed's New York Factory Gauge Falls in September

U.S. industrial production rises more than expected in November

Posted Dec 15th 2009 1:00PM by Connie Madon (RSS feed)
Filed under: Good news, Products and Services, Management, Industry, Economic Data, Technology

U.S. industrial production rose 0.8% in November. The index showed no change in October. We can infer from this that manufacturers are working off inventory and are able to produce more to meet increased demand. Economists surveyed by Bloomberg News has expected a gain of 0.5%.