HUGE Miss On The Latest Empire State Manufacturing Index

Another ugly regional survey.

Empire state manufacturing in May came in at 11.88 vs. estimates of 19.85, down from 21.70.

The prices paid jumped to 69.9 from 57.7.

The employment index edge up to 24.7 from 23.1, so although it’s a miss, there are internals that aren’t horrible.

Here’s a summary chart from the full report.