Economic Report 22 results

American Economy Contracts For First Time In Six Years

As the COVID-19 pandemic has been severely impacting the global economy, the United States, in particular, has anticipated a see sharp decline from their previous numbers. Now, the recently released first-quarter GDP numbers and the Institute for Supply Management’s Manufacturing Report On Business index show just how hard the pandemic has hit the American economy. The ISM Purchasing ...

Empire State Manufacturing Report Posts Largest Drop In History

The Empire State Manufacturing Report took a sharp nosedive this month, falling 26.4 points to -8.6 as reported this past Monday. This precipitous drop represents the first time the index has dipped into negative territory since October of 2016. Any number below zero represents a contraction in manufacturing activity in New York state. Analysts had predicted a significantly more favorable number ...

The Empire State Manufacturing Survey

Monday’s Empire State Manufacturing Survey showed minor slow-down in manufacturing growth in December so far. The Empire State Manufacturing index, compiled using survey results from 200 manufacturers in New York, evaluates business conditions in the state. Any reading above 0.0 is indicative of improving conditions, while anything below indicates worsening conditions. The latest number was ...