More Contraction: NY Fed Says Regional Economy Shriveled In November

First we got the bad GDP report, and now the New York Fed brings new unpleasentness about the region.

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november

Regional Indexes of Coincident Economic Indicators
Our Indexes of Coincident Economic Indicators (CEI) for November show a contraction in economic activity in New York State, New York City and New Jersey. While there had been preliminary indications of some levelling off of activity in the region during the summer, subsequent data releases point to continued declines.

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