Empire FED Manufacturing Shows A Cool-Off in New York
Industrial production grew in November in the US, but manufacturing activity cooled off in New York in December
Skerdian Meta•Tuesday, December 15, 2020•1 min read
US December Empire Fed New York-Area Manufacturing Report
- US December Empire Fed +4.9 points vs +6.2 points expected
- November December Empire was +6.3 points
- New orders +3.4 points vs +3.7 points prior
- Prices paid +37.1 point vs +29.1 points prior
- Six month conditions +36.3 points vs +33.9 points prior
- Employment +14.2 points vs +9.4 points prior — highest in over a year
- Full report
Prices paid are the highest since 2018:
In other inflationary data, the US import price index was down 1.0% y/y vs -0.9% expected. Exports prices were down 1.1%.US November Industrial Production
- US industrial production for November
- The prior month was revised lower to 0.9% from 1.1% for industrial production
- Industrial production 0.4% vs. 0.3% estimate
- Capacity utilization 72.8% vs. 73.0% estimate. Revised to 273.0% from 72.8% last month
- Manufacturing production 0.8% vs. 0.3% estimate. Revised to 1.1% from 1.0% last month
The data is a little weaker than expectations with Capacity Utilization still well below levels befor the pandemic.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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