FYI: Economists were expecting a bit of weakness in the September Empire Manufacturing report, but the actual reading came in a bit weaker than those forecasts. The release of the headline General Business conditions index dropped 2.8 points from 4.8 down to 2.0. While the index of present General Business conditions only fell slightly, expectations for the next six months were notably weaker falling from 25.7 down to 13.7. While both of these indices are well off their highs from the last year or two, they also aren't at levels that at this point would be considered dangerous for the economy.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/weaker-than-expected-empire-manufacturing-report
