by Calculated Risk on 3/15/2019 08:45:00 AM
Friday, March 15, 2019
From the NY Fed: Empire State Manufacturing Survey
Manufacturing firms in New York State reported that business activity expanded only slightly. The general business conditions index fell five points to 3.7, its third consecutive monthly reading below 10, suggesting that growth has remained quite a bit slower so far this year than it was for most of 2018.This was below the consensus forecast.
The index for number of employees climbed ten points to 13.8, pointing to an increase in employment levels, though the average workweek index turned negative for the first time since 2016. emphasis added
Posted by Calculated Risk on 3/15/2019 08:45:00 AM