USA / New York: sluggish manufacturing activity in November

The New York Fed’s monthly Empire State index fell 1.1 points to 2.9 points.

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The pace of growth in manufacturing activity in the New York area slowed somewhat in November after a surprise rebound the month before, according to the Empire State monthly index released on Friday.

This index compiled by the New York Fed fell 1.1 points to 2.9 points. Anything above zero marks an improvement.

The New York Region Manufacturing Activity Index is considered a barometer for the rest of the country.

The index measuring new orders increased by 2 points to 5.5, as did that of unrealized orders, which rose 4.3 points to -8.2.

Inventories and deliveries fell by 5.6 points to -6.2 and 4.2 points to 13 points respectively.

The indices reflecting prices paid as invoiced fell by 2.6 points and 0.1 points respectively.

The optimism of industrialists on activity over the six-month horizon edged up to 19.4 (+2.3).

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