September Empire State index falls unexpectedly - MarketWatch
The Empire State manufacturing index fell unexpectedly to negative 10.4
in September, the weakest reading in almost two years, the New York
Federal Reserve Bank said Monday. Economists polled by MarketWatch
expected the index to improve to 0.0 from negative 5.9 in August. The
index has fallen sharply in the summer after reaching 17.1 in May. The
key new orders sub-index fell to negative 14.0 in September from
negative 5.5 in August. Unfilled orders, another forward-looking
component, fell to negative 14.9 in September from negative 10.6 in
August. One bright spot was an increase in a key barometer of future
activity that asks manufacturers about expectations six months ahead.
Lol...oh look the Sun is out..
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