Empire Fed Dec 2022
  • Prior was +4.5
  • New orders -3.6 vs -3.3 prior
  • Prices paid +50.5 vs +50.5 prior
  • Prices received 25.2 vs 27.2 prior
  • Employment +14.0 vs +12.2 prior
  • Six-month business conditions +6.3 vs -6.1 prior

There is some deterioration in the headline but the underlying metrics are steady.