New York Fed reports manufacturing in that state has dropped like a rock; "free fall"

Duh economy beez BOOMING, deplorables!

At least dat whut duh NY Times and duh alphabet networks sez, eh?  So mus' be true, eh?

So we're not sure how this piece from two days ago fits the puzzle:  "Factory activity in New York suffered an unexpected collapse in January."

This is a bit odd because the report--a regular survey by the Federal Reserve Bank of New York--was issued on Jan 16th, so barely halfway through the month.

The Fed’s manufacturing survey showed that sector contracted sharply in January, plunging 29.2 points so far, from negative 14 to negative 43.7.  The Fed called it a "free fall."

Economists had predicted the index would rise to from the December reading of negative 14.5 to a negative 4.7.  And economists know the regime doesn't want bad news, eh?

Readings below zero indicate worsening conditions.

The business conditions index has dropped 58.2 points over the past two months, *the worst two-month decline in the history of the index.*

But how can this be true?  Jus' three days ago our preznit said on duh TeeVee dat our economy wuz duh best in duh world.  So dis report mus' be wrong.  Yeh, dat it.

Amazing how many wrong reports we're startin' ta see about duh faabulous economy, eh?

Source.

https://www.breitbart.com/economy/2024/01/16/bidenomics-new-york-manufacturing-unexpectedly-collapses/