Markets

U.S. ECONOMICS: May NY Empire State Measure Surges to Four-Year High

The May Empire State headline figure surged to a 19.01 four-year high from 1.29 in April, leaving the index well above the 0.83 six-month low reached in November.

The ISM-adjusted measure rose to a 54.1 two-year high from 49.3, versus a 46.6 three-year low in December that was also seen last June.

The Empire State index has oscillated in the opposite direction of the other major sentiment indicators in recent quarters, with a weakening in April despite a firming in most other measures, so Thursday's big May bounce may prove isolated as well.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More