The fall in the New York Fed’s Empire State manufacturing index is impressive! …
(Boursier.com) — The fall in the New York Fed’s Empire State manufacturing index is impressive! The indicator collapsed to -43.7 in January 2024, compared to -6.5 market consensus and -14.5 a month earlier. The index therefore reflects a complete collapse of manufacturing activity in the region considered at the start of 2024. This is also the lowest level of this indicator since May 2020 and one of the worst periods of covid!
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