Empire Fed Manufacturing index for December -14.5 vs 2.00 estimate.

<ul><li>Prior month +9.1 (the expectations was for a decline of -2.8).</li><li>The Empire manufacturing was the lowest since August</li></ul><p>Details: </p><ul><li>New orders -11.3 vs -4.9 last month</li><li>Shipments -6.4 vs +10.0 last month</li><li>Prices paid 16.7 vs +22.5 last month</li><li>Prices Received 11.5 vs +11.1 last month</li><li>Employment -8.4 vs -4.5 last month</li><li>Average Employee workweek -2.4 vs -3.8 last month</li><li>Unfilled orders -24.0 vs -23.2 last month</li><li>Delivery times -15.6 versus -6.1 last month.</li><li>Inventories -5.2 vs +9.1 last month</li></ul><p>Looking six-month forward:</p><ul><li>The six-month business conditions rose to 12.1 from -0.9 in November</li><li>new orders 11.3 versus 4.6 last month</li><li>shipments 15.8 versus 10.8 last month</li><li>unfilled orders 5.2 versus 0.0 last month</li><li>delivery time -1.0 versus -9.1 last month</li><li>inventories led by four versus -10.1 last month</li><li>prices paid 25.0 versus 32.3 last month</li><li>prices received 27.1 versus 32.3 last month</li><li>number of employees 10.9 versus 16.5 last month</li><li>average play workweek 10.4 versus 12.1 last month</li><li>capital expenditures 4.2 versus 3.0 last month</li><li>technology spending 8.3 versus 0.0 last month</li></ul><p>Weaker data in the present while the six-month forward data was mixed to higher.</p>

This article was written by Greg Michalowski at www.forexlive.com.