this survey is a joke when your putting estimates based on expected survey? are u kidding me? justput it M/M or Y/Y growth or decline. Its quite stupid and nonsense to come out with a freaking estimate on a survey? do you put out an estimate during the Presidential elections? just say it is up over 100% since Y/Y. simple. Its not a miss but a growth.
Empire State Manufacturing Survey
Business activity continued to grow at a solid clip in New York State, according to firms responding to the January 2018 Empire State Manufacturing Survey. The headline general business conditions index, at 17.7, was little changed from last month’s level. The new orders index and the shipments index both showed ongoing growth, although at a slower pace than in December. Unfilled orders and delivery times increased slightly, and inventory levels were higher. Labor market conditions pointed to a modest increase in employment and steady workweeks. Both input prices and selling prices increased at a faster pace than ... (full story)