FYI: Earlier today, we got one of our first reads on the manufacturing sector for the month of July with the Empire Manufacturing report from the New York Fed. For a change, the report came in better than expected. While economists were expecting the headline reading to come in at 3.0 from last month’s level of -1.98, the actual reading was slightly better at 3.9. Although the report was only marginally better than expected, stronger than expected reports in this indicator have been hard to come by in recent months. Prior to today, the report had only been better than expected once in the last nine reports!
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/empire-manufacturing-report-stronger-than-expected-for-a-change/
