(Finance) – It gets worse, even moving into negative territory, a January 2025theNew York Empire State manufacturing index. The indicator went to -12.6 points from 2.1 points in December. The figure is even worse than analysts’ estimates, which were for an increase of up to +2.7 points.
The index measures conditions in the manufacturing sector in the borough of New York. Please remember that a level of data above/below 0 indicates that most companies report improvements/deteriorations in conditions.
Among the various index componentsthat on new orders went to -8.6 points from +4.3, while that on deliveries fell to -1.7 points (from 9.1). The one on inventories rose to +5.8 points (from +10.5).