Indicators
New York State Factory Activity Gauge Falls Most Since May 2023
- December index dropped 31 points after surging in prior month
- Measure of prices received fell to lowest since July 2023
The six-month outlook index for overall activity in New York state declined to a four-month low.
Photographer: Stephen Yang/BloombergThis article is for subscribers only.
A measure of New York state factory activity retreated by the most since May 2023 after surging last month to an almost three-year high following the election of Donald Trump.
The Federal Reserve Bank of New York’s December manufacturing index slid 31 points to 0.2, figures issued Monday showed. Readings above zero indicate expansion, and the median forecast in a Bloomberg survey of economists called for a reading of 10.