NY Fed Empire State manufacturing index in focus – TD Securities

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16 September 2019

NY Fed Empire State manufacturing index in focus – TD Securities

Analysts at TD Securities are expecting the New York Empire State Manufacturing Index to have pared back modestly to 4.0 in September from 4.8 before.

“Although the index has shown some consolidation after the massive June drop, it remains at odds with the performance of the more widely-tracked ISM manufacturing index, which has continued to underperform in recent months.”

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