Empire Fed Unexpectedly Drops As New Orders Tumble, Labor Conditions Deteriorate

Friday, July 15, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jul 15, 2016

While recent regional Fed manufacturing indices had shown a pickup in recent weeks, moments ago the Empire Fed, aka the New York State manfucaturing index, disappointed, declining five points from 6 to 0.55, below the 5.0 expected print. The volatile series has now printed below zero, at zero, above zero, below zero, above zero and at zero over the past 6 months.

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