Empire state manufacturing up in December

Empire State Manufacturing Index: 31.9 vs. 25.5 consensus and 30.9 prior.

New orders 27.1 vs. 28.8 prior.

Shipments 27.1 vs. 28.2 prior.

The new orders index and shipments indexes were both little changed at 27.1, pointing to another month of strong growth in both areas.

The unfilled orders index rose six points to 19.0. The delivery times index fell nine points to 23.1, suggesting that delivery times lengthened significantly, but less than so last month.
Inventories increased modestly.