New York Manufacturing Falls in December


New York Manufacturing Falls in December

Washington, DC, Dec. 15, 2014 — Manufacturing activity in New York declined substantially in December, according to the latest Empire State manufacturing report from the New York Federal Reserve.

The reading came in at -3.6, well below November’s 10.2 reading.

Economists expected a reading of 12.

It was the first negative reading in almost two years.

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