FYI: This month’s Empire Manufacturing report for December came in better than expected this morning as the headline index rose to -4.59 from last month’s reading of -10.74; economists had been looking for a reading of -7 in the headline index. While this month’s Empire Manufacturing report was negative, it has shown steady improvement with four straight months of m/m increases. In addition to the increase in the headline index, expectations for the next six months saw an even bigger jump, rising by 18.2 points to 38.5. As shown in the second chart, plans for Cap Ex and Tech Spending also showed increases this month.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/empire-manufacturing-improves-again-but-still-negative/
