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

• Prior month +9.1 (the expectations was for a decline of -2.8).
• The Empire manufacturing was the lowest since August

Details:

• New orders -11.3 vs -4.9 last month
• Shipments -6.4 vs +10.0 last month
• Prices paid 16.7 vs +22.5 last month
• Prices Received 11.5 vs +11.1 last month
• Employment -8.4 vs -4.5 last month
• Average Employee workweek -2.4 vs -3.8 last month
• Unfilled orders -24.0 vs -23.2 last month
• Delivery times -15.6 versus -6.1 last month.
• Inventories -5.2 vs +9.1 last month

Looking six-month forward:

• The six-month business conditions rose to 12.1 from -0.9 in November
• new orders 11.3 versus 4.6 last month
• shipments 15.8 versus 10.8 last month
• unfilled orders 5.2 versus 0.0 last month
• delivery time -1.0 versus -9.1 last month
• inventories led by four versus -10.1 last month
• prices paid 25.0 versus 32.3 last month
• prices received 27.1 versus 32.3 last month
• number of employees 10.9 versus 16.5 last month
• average play workweek 10.4 versus 12.1 last month
• capital expenditures 4.2 versus 3.0 last month
• technology spending 8.3 versus 0.0 last month

Weaker data in the present while the six-month forward data was mixed to higher.