NYS Manufacturing Stagnant


The N.Y. Federal Reserve’s Empire State Manufacturing Survey ticked up 0.6 points to 3.5 indicating that business conditions were little changed in December (a reading above 0 indicates expansion).  This is the seventh month of sluggish, single-digit performance.  Nevertheless, optimism about the future grew as the expectations six-months from now were up over 10 points to 29.8.  See the full report here.