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Empire State manufacturing index worst in more than year

Staff 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 manufacturing
Empire State   Business conditions in the New York region deteriorated
The Empire State manufacturing index slumped to 3.90 from 10.90 in December, missing expectations for a reading of 10.75 and hitting its lowest level in well over a year.

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.


 

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