November 15 (Reuters) – Manufacturing activity in the New York region rebounded unexpectedly in November, a monthly survey from the regional branch of the Federal Reserve showed on Wednesday.
Its “Empire State” index rose to +9.1 after -4.6 in October.
Economists polled by Reuters on average forecast a reading of -2.8.
The new orders component stands at -4.9 after -4.2 last month and that of employment at -4.5 after +3.1.
The sub-index measuring companies’ judgment on their business prospects over a six-month horizon decreased to -0.9 after +23.1 in October. (Gdansk editorial office)
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