The Federal Reserve Bank of New York’s Empire State Manufacturing Survey indicated “robust” activity for August with the index up 3.0 points to 25.6 and once again approaching the October 2017 multi-year high of 30.2. Shipments, Unfilled Orders, Delivery Times, Inventories and Prices Paid were all up compared to last month, although New Orders fell 1.1 points. The six-month outlook was also positive at 34.8 up 3.7 points from July. See the full report here.
