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Federal Reserve Bank of New York
Current Issues in Economics and Finance
The predictive abilities of the New York Fed's Empire State Manufacturing Survey
Richard Deitz
Charles Steindel
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. This issue is part of the Second District Highlights series.


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Richard Deitz & Charles Steindel, "The predictive abilities of the New York Fed's Empire State Manufacturing Survey" , Federal Reserve Bank of New York, Current Issues in Economics and Finance, volume 11, issue Jan, 2005.
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Keywords: Manufactures - New York (State) ; Economic indicators ; Forecasting
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