Posted 2/15/2024, 1:30:00 PM
New York Manufacturing Activity Remains Weak Despite Rebound in Empire State Index
- The New York Fed’s Empire State business-conditions index rebounded 41 points in February, but stayed below the breakeven rate at negative 2.4
- The index has been in negative territory for 3 straight months, falling 53 points in the prior two months
- The index is a gauge of manufacturing activity in New York state
- The numbers suggest continued weakness in regional manufacturing
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