Empire State manufacturing index worst in more than yearStaff Writer | January 16, 2019
Business conditions in the New York region deteriorated much more than expected in January, according to a survey from the New York Fed.
Empire State Business conditions in the New York region deteriorated
The new orders index slid to 3.5 from 13.4 in December, while the shipments index fell to 17.9 from 20.3 and the delivery time gauge printed at -2.1 this month compared to 3.2 in December.
Meanwhile, the index for future business conditions fell 13 points to 17.8. ■