The predictive abilities of the New York Fed's Empire State Manufacturing Survey
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. This issue is part of the Second District Highlights series.
Volume (Year): 11 (2005)
Issue (Month): Jan ()
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- Matthew Harris & Raymond E. Owens & Pierre-Daniel G. Sarte, 2004. "Using manufacturing surveys to assess economic conditions," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 65-92.
- Ethan S. Harris, 1991. "Tracking the economy with the purchasing managers' index," Research Paper 9124, Federal Reserve Bank of New York.
- 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.
- William R. Keeton & Michael Verba, 2004. "What can regional manufacturing surveys tell us? lessons from the Tenth District," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 39-70.
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