Empire State Manufacturing Survey for December 2018

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (December 2018):

Expected: +30.6
Actual: +10.9

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

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The November 2018 actual figure was +23.3 

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About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

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• Click here to view the full New York Fed report.

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• For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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