Conditions for New York manufacturers improved in December after a rough November, according to a survey released Wednesday by the New York Fed.
The Empire State manufacturing survey for December rose 22 points to +10.6, after a negative reading in November.
Economists polled by MarketWatch expected a +3 reading.
The new orders and shipments subcomponents returned to positive territory, while the unfilled orders index remained negative.
The inventories index also was negative, indicating that they declined during the month, the New York Fed said.
To read more, go to Marketwatch.com.
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