USA: economic activity declines in January (Empire State)

(CercleFinance.com) - Economic activity declined in New York State in January, according to companies responding to the Empire State Manufacturing Survey.
The overall index of economic conditions fell by fifteen points to -12.6.

New orders fell slightly, while shipments were virtually unchanged.

Meanwhile, labor market indicators showed stable employment levels, but a decline in the average length of the working week. Increases in input and selling prices accelerated.

Companies were more optimistic that conditions would improve in the months ahead.

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