Economy
December 16, 2019
Empire State Index Muted, But Optimism Rising
Written by Sandy Williams
The Empire State Manufacturing Survey indicated muted business conditions for manufacturers in New York state in December. The general business index gained only 0.6 points.
“As has been the case for the past several months, manufacturing firms in New York State reported that business activity was little changed over the month. The general business conditions index remained subdued for the seventh consecutive month, coming in at 3.5 in December,” said the Federal Reserve Bank of New York.
