New York Fed Manufacturing Indicator Declined

New York Fed Manufacturing Indicator Declined The New York Fed manufacturing indicator declined. The manufacturing indicator grew at its lowest rate in 4 months in December, as new orders slowed down. With the decline of the New York Fed manufacturing indicator, evaluations of future conditions increased, showing that the developed vaccines increased the optimism that the developed coronavirus vaccines will end the epidemic within a visible horizon. The New York Fed's general business conditions index fell from 6.3 points last month to 4.9 points, below the estimates of economists participating in the Bloomberg survey. The main index indicated that producer activity in New York state did not increase much. On the other hand, the index recorded above the zero level, which is the line between growth and contraction, for the 6th time in a row. The Fed's economic conditions index for the next six months reached a three-month high of 36.3 from 33.9. The new orders indicator regressed slightly, the lowest in four months. The shipping index increased. The labor market indicator, on the other hand, was recorded as a relatively good part of the data released. The employee number indicator showed that the fastest increase in recruitment in the last two years was realized.