The New York Fed’s Empire State business conditions index rose 21 points in September to 1.9, the regional Fed bank said Friday.
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, rose 21 points in September to 1.9, the regional Fed bank said Friday.The gain reverses a 20.1 point drop in August. Any reading above zero indicates improving conditions.The shipments index also had a sharp increase, rising 24.7 points to 12.4.
Big picture: The Empire State index has been volatile this year, twice falling below negative 30 before recovering.
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