Manufacturing activity in the New York area began the year as it ended 2020, slowing and failing to meet expectations, according to the Empire State monthly indicator released by the Fed on Friday.
The index, which measures the general conditions of activity in this sector, fell 1.4 points to 3.5 points, less than expected by analysts, who expected to reach 6 points.
If the indicator is above 0, it means that the activity continues to grow.
Dt/lo/dga/ll
–
