MAGA Manufacturing Renaissance Stuck In Neutral, As ‘Sluggish’ Empire Gauge Meanders To A Miss

Donald Trump's "miraculous" manufacturing renaissance has hit something akin to stall speed in New York state. The Empire Manufacturing index printed just 2.9 for November, near the low-end of the range (2.0-10.0 from 42 economists) and well below consensus (6.0). That's down from a hardly-"great again" 4.0 in October. As you can see, we're going nowhere fast: "Manufacturing firms in New York State reported that business activity was little changed from last month [as] general business cond

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