USA: Empire State index in negative territory in October

(CercleFinance.com) - Manufacturing activity contracted in New York State, according to the local Fed's overall 'Empire State' index of general conditions, which fell 23 points to -11.
9.

New orders fell and shipments declined slightly, but labor market conditions improved, with employment and the average workweek increasing slightly for the first time in a year.

The pace of input and selling price increases remained modest, but accelerated slightly. Despite the weakness of the general economic situation, optimism about the six-month outlook rose sharply.

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