The Predictive Abilities of the New York Fed's Empire State Manufacturing Survey

7 Pages Posted: 8 Mar 2005  

Charles Steindel

Federal Reserve Bank of New York

Richard Deitz

Federal Reserve Bank of New York - Research Group

Abstract

Business surveys often give early signals of the direction and magnitude of economic activity. One release, the relatively new Empire State Manufacturing Survey, is demonstrating an ability to provide information ahead of U.S. production and employment trends. In fact, the predictive power of this survey appears to be at least equal to that of two established manufacturing surveys.

Keywords: New York, Empire State, Index, Manufacturing

JEL Classification: E23, E27, R11

Suggested Citation

Steindel, Charles and Deitz, Richard, The Predictive Abilities of the New York Fed's Empire State Manufacturing Survey. Current Issues in Economics and Finance, Vol. 11, No. 1, January 2005. Available at SSRN: https://ssrn.com/abstract=680642

Charles Steindel (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Richard Deitz

Federal Reserve Bank of New York - Research Group ( email )

33 Liberty Street
New York, NY 10045
United States

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