Posted on 03/15/2024 8:42:49 AM PDT by Eccl 10:2
The numbers: The New York Fed’s Empire State business-conditions index, a gauge of manufacturing activity in the state, fell 18.5 points in March to negative 20.9, the regional bank said Friday.
The drop was much larger than expected. Economists had expected a negative 6 reading, according to a survey by the Wall Street Journal.
Any reading below zero indicates deteriorating conditions.
This is the third straight reading negative reading for the Empire State index and the fifth in the past six months.
Key details: The index for new orders fell 10.9 points to negative 17.2 in March. This is a sign of softening demand.
The shipments index fell 9.7 points to negative 6.9.
(Excerpt) Read more at marketwatch.com ...
The will just sue everyone who took commercial real estate loans. Over the next 5 years to increase revenue and chase the last productive people out.
Where are you moving to? I’m sorry you have to. Best of luck in your new location.
North or south Carolina. Our son got a great job in NC leaves tomorrow
Both are nice. Remind your fellow northern transplants not to vote for what they left.
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