NY Manufacturing Prints Large

February 18, 2020

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NY Manufacturing Prints Large — Kazoo manufacturing machines at the Kazoo Factory and Museum, Eden, NY
Image by Z22

You'll have to search to find this news in the legacy media but the Federal Reserve's index of manufacturing in New York state just blew away estimates for the month of February, as uncertainty in the markets evaporated, save the coronavirus outbreak. The reading is also evidence manufacturing is coming back to the U.S. mainland due to the epidemic in order to protect supply chains, and due to the Trump administration's trade policies.

NY Empire State Manufacturing Index (Feb) printed at 12.9 vs consensus estimate of 5.

NAHB Housing Market Index (Feb) printed at 74 vs estimate of 75.

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CD Media Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."