Economy
January 2, 2014
Key Economic Data Reported in December
Written by Sandy Williams
The Empire State Manufacturing Index showed disappointing manufacturing conditions for December. The survey by the Federal Reserve Bank of New York reported the general index at 1.0, up three points from November but indicating almost no change in activity for the month. The future outlook index was slightly less optimistic than November with all indices dropping except for the future price indices. The future prices paid index rose six points to 48.2 while the future prices received index jumped 11 points to 27.7.
The Chicago Business Barometer slipped 3.9 points to 59.1 in December, falling twice in a row but still showing strong expansion, albeit moderating. Production and new orders continued to expand but at a slower rate.
