US Manufacturing: the second half is starting

It seems to start the comeback the Empire State index of New York, which last month had fallen into negative territory, signaling a sharp deterioration of conditions in the manufacturing sector of the state.

The indicator, produced by the Federal Reserve of New York, came in May at +6.01 points resulting in a strong recovery compared to -9.02 in May. The figure today is even better than expected, which estimated a more limited recovery to -4 points.

The index measures the conditions of the manufacturing sector in the New York district. Please note that a higher / lower than the given level 0 indicates that the majority of companies reported improvement / worsening of conditions.