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

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