NY factory conditions recovers a tad in December: NY Fed

New York state’s manufacturing sector rebounded slightly in December from its weakest level in six months while the region’s business outlook stayed relatively upbeat, a report from the New York Federal Reserve released on Monday showed. The New York Fed’s “Empire State” general business conditions index edged back into positive territory at 0.98 from minus 2.21 in November. The regional Fed’s indicator signaled some improvement in current business activity but labor conditions remained weak. On the other hand, the New York Fed said its forward gauges stayed “fairly optimistic.”


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