US December Empire Fed +4.9 vs +6.2 expected

December New York-area manufacturing survey

Empire Fed
  • Prior was +6.3
  • New orders +3.4 vs +3.7 prior
  • Prices paid +37.1 vs +29.1 prior
  • Six month conditions +36.3 vs +33.9 prior
  • Employment +14.2 vs +9.4 prior -- highest in over a year
  • Full report

Prices paid are the highest since 2018:

prices paid

In other inflationary data, the US import price index was down 1.0% y/y vs -0.9% expected. Exports prices were down 1.1%.

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