‘Goldilocks’ Empire Fed Manufacturing Survey Surges To One Year High Amid the last month’s absence of hard economic data, investors have had to rely on soft survey data (and alternative providers) and that has been somewhat optimistic… Today, we saw yet another soft survey data point beat expectations as the NY Fed’s ‘Empire State Manufacturing Survey’ surged to +18.7 from +10.7 and smashing expectations of a +5.8 print… “Manufacturing activity grew at a solid pace in New York State, with the survey’s headline index reaching its highest level since last November,” said Richard Deitz, Economic Research Advisor at the New York… — Continue at ZeroHedge News : Read More
