Earlier in this thread, I posted the data for all the New York Empire manufacturing data, which didn't seem to tally up with what was happening with the headline figure. I thought that perhaps only some of these components went up in to calculating the headline figure.
Well, a chap at the Fed has got back to me with the following: 'The general business conditions index is a separate question and is not calculated from components.' Well, that explains it alright! Pretty useful information to know for the future.
Well, a chap at the Fed has got back to me with the following: 'The general business conditions index is a separate question and is not calculated from components.' Well, that explains it alright! Pretty useful information to know for the future.
"Always bet on black"