Empire State Manufacturing Data Misses At -6.16

empire state building

Photo: Jim Edwards / BI

Empire State Manufacturing data improved to -6.16.But it was behind economists’¬†expectations of -4.00

Still, it’s better than the prior reading of -10.41.

Employment conditions weakened, with the index for number of employees declining five points to -1.1 and the average workweek index falling three points to -4.3.

The new orders index rose five points to -9.0, while the shipments index fell nine points to -6.4, its first negative reading in more than a year.

The prices paid index was little changed at 17.2, and the prices received index held steady at 4.3. 

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