Empire FEd Jan 2022
  • Prior was +33.5
  • New orders -5.0 vs +27.1 prior
  • Prices paid +76.7 vs +80.2 prior
  • Employment +16.1 vs +21.4 prior
  • Six-month business conditions +35.1 vs +36.4 prior

The details of the report aren't as bad as the headline but it's a worrisome data point.