Empire FED Manufacturing Shows A Cool-Off in New York - Forex News by FX Leaders
Manufacturing declining in New York with the new restrictions

Empire FED Manufacturing Shows A Cool-Off in New York

Posted Tuesday, December 15, 2020 by
Skerdian Meta • 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:
prices paidIn 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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About the author

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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