Empire State outlook hits 24-year low. New orders outlook worst ever. Stagflation confirmed
BREAKING: The NY Empire State Manufacturing Index fell to -8.1 points in April, recording the 3rd negative reading this year. More importantly, 6-month outlook for general business conditions plummeted to -7.4, the lowest in 24 years. Additionally, the 6-month outlook for new orders fell to -6.6, the lowest in history. Not even the 2008 Financial …