The predictive abilities of the New York Fed's Empire State Manufacturing Survey
AbstractBusiness 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. This issue is part of the Second District Highlights series.
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Bibliographic InfoArticle provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.
Volume (Year): 11 (2005)
Issue (Month): Jan ()
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- Ethan S. Harris, 1991. "Tracking the economy with the purchasing managers' index," Quarterly Review, Federal Reserve Bank of New York, issue Aut, pages 61-69.
- Ethan S. Harris, 1991. "Tracking the economy with the purchasing managers' index," Research Paper 9124, Federal Reserve Bank of New York.
- Thomas J. Cunningham, 2006. "The predictive power of the Senior Loan Officer Survey: do lending officers know anything special?," Working Paper 2006-24, Federal Reserve Bank of Atlanta.
- Klein, Lawrence R. & Özmucur, Süleyman, 2010. "The use of consumer and business surveys in forecasting," Economic Modelling, Elsevier, vol. 27(6), pages 1453-1462, November.
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