New York state’s manufacturing sector rebounded slightly in December from its weakest level in six months while the region’s business outlook stayed relatively upbeat, a report from the New York Federal Reserve released on Monday showed.
The New York Fed’s “Empire State” general business conditions index edged back into positive territory at 0.98 from minus 2.21 in November. It fell short of the 4.75 reading forecast among economists polled by Reuters.
A reading above zero indicates expansion.
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