Friday, November 15, 2019

NY Fed: Manufacturing "Business activity was little changed in New York State"

by Calculated Risk on 11/15/2019 10:58:00 AM

From the NY Fed: Empire State Manufacturing Survey

Business activity was little changed in New York State, according to firms responding to the November 2019 Empire State Manufacturing Survey. The headline general business conditions index came in at 2.9, roughly in line with its level in October.
The index for number of employees edged up to 10.4, indicating that employment expanded for the third consecutive month. The average workweek index came in at 2.3, indicating a slightly longer workweek.

Indexes assessing the six-month outlook suggested that optimism about future conditions remained subdued.
emphasis added
This was slightly lower than the consensus forecast.