NEW YORK-AREA MANUFACTURING COLLAPSES, WORST SINCE THE RECESSION
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The New York Fed's Empire Manufacturing index plunged to -19.37 in January from -6.21 in December.
"Business activity declined for New York manufacturing firms more sharply than at any time since the 2007-09 recession, according to the January 2016 survey," the New York Fed said.
More to come ...
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