FYI: October’s report on Manufacturing in the New York region took another turn for the worse this morning. While economists were expecting the headline reading of the Empire Manufacturing report to rebound back into positive territory from last month’s reading of -2.0, the actual reading declined to -6.8. This was the third straight monthly reading below zero, the fourth straight weaker than expected reading, and the weakest overall report since May.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/weak-manufacturing-in-the-new-york-region/
