The New York Fed’s Empire State Manufacturing Index for the month of January 2023 literally collapsed to -32.9…
(Boursier.com) — The New York Fed’s Empire State Manufacturing Index for January 2023 literally crashed to -32.9, the lowest since May 2020, against a FactSet consensus of -7 and a reading of -11.2 a month ago. The index is therefore sinking into negative territory, signaling a deeper contraction in activity.
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