Empire Manufacturing Slowed in January

• January 17, 2017
• realestatelife
• Business & Markets, Real Estate Finance

The New York Federal Reserve’s gauge of manufacturing activity in the region fell in January. The gauge declined to a reading of 6.50 from a downward revised December reading of 7.60 in December. Wall Street had anticipated a smaller decline to a reading of 8.50. Readings above 0 point to expansion, while those below indicate contraction.