New York state manufacturing index lowest in two years: New York Fed | WHAT REALLY HAPPENED

New York state manufacturing index lowest in two years: New York Fed

The New York Fed's Empire State general business conditions index fell to -3.58 in December from November's 10.16 reading, falling to negative territory for the first time since January 2013.

Economists polled by Reuters had expected a reading of 12.4 this month. A reading above zero indicates expansion.

The new orders index tumbled to -1.97 from 9.14 in November, while prices paid were at 10.42 against 10.64 in the prior.

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