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Monday, December 16, 2019

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

by Calculated Risk on 12/16/2019 08:34:00 AM

From the NY Fed: Empire State Manufacturing Survey

Business activity was little changed in New York State, according to firms responding to the December 2019 Empire State Manufacturing Survey. The headline general business conditions index held steady at 3.5. New orders were also little changed, while shipments grew modestly.
The index for number of employees was unchanged at 10.4, indicating that employment expanded for the fourth consecutive month. The average workweek index was 0.8, a sign that the average workweek was unchanged.

Indexes assessing the six-month outlook suggested that optimism about future conditions improved for a second consecutive month.
emphasis added
This was slightly lower than the consensus forecast.