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
•
Last updated: Tuesday, December 15, 2020
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.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
- Read our latest reviews on: Avatrade, Exness, HFM and XM
ABOUT THE AUTHOR
See More
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.
Related Articles
Sidebar rates
Related Posts
Save