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FIDU - Empire State Manufacturing Survey: Activity Declines In May
Fidelity MSCI Industrials Index
The diffusion index for General Business Conditions at -11.6 was a decrease of 36.2 from the previous month's 24.6 (as per latest Empire State Manufacturing Survey).
The Empire State Manufacturing Index rates the relative level of general business conditions in New York state.
Following the Great Recession, the index has slipped into contraction multiple times, as the general trend slowed. We saw a gradual decline in 2015 that picked up in 2016, with a giant dip in 2020 due to COVID-19.