Wednesday, January 15, 2020

NY Fed: Manufacturing "Business activity grew to a small degree in New York State"

by Calculated Risk on 1/15/2020 08:38:00 AM

From the NY Fed: Empire State Manufacturing Survey

Business activity grew to a small degree in New York State, according to firms responding to the January 2020 Empire State Manufacturing Survey. The headline general business conditions index was little changed at 4.8.
The index for number of employees held steady at 9.0, indicating that employment expanded for the fifth consecutive month. The average workweek index came in at 1.3, a sign that the average workweek was essentially unchanged

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