US DATA: Sept NY Fed Empire State Survey -10.41 vs -5.85 Aug. Text
says “conditions for New York manufacturers continued to weaken. The
general business conditions index slipped another five points to -10.4,
its second consecutive negative reading. The new orders index fell nine
points to -14.0, its third straight negative reading. Both of these
measures reached their lowest levels in almost two years. The shipments
index was little changed at 2.8. The prices paid index edged up to 19.2,
suggesting moderate increases in input prices, while the prices received
index hovered a little above zero for a fourth consecutive month. The
index for number of employees fell noticeably but remained just above
zero at 4.3, suggesting a slower pace of hiring.”
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