- NY Fed Empire State manufacturing index: the first negative reading since January 2013
Market news
15 December 2014
NY Fed Empire State manufacturing index: the first negative reading since January 2013
The New York Federal Reserve released its survey on Monday. The NY Fed Empire State manufacturing index dropped to -3.6 in November from 10.2 in October. That was the first negative reading since January 2013.
Analysts had expected the index to rise to 12.1.
The decline was driven by a fall in orders and shipments.
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