U.S. Economic News

December 15, 2020

U.S. Economic Indicators

The Empire State Manufacturing Survey indicates that business activity expanded slightly in December as the headline index fell 1.4 points to 4.9. The new orders index was little changed at 3.4, the shipments index rose 5.8 points to 12.1, and the index for number of employees increased 4.8 points to 14.2. NY Fed Report

Industrial production increased 0.4% in November but is down 5.5% year-over-year. Capacity utilization rose 0.3 point to 73.0. Fed Report