During December, the New York Manufacturing Sector Index declined significantly

The Federal Reserve Bank of New York announced on Monday that the index declined sharply during the current month, after a sharp rise in the L index during the past month.
The Federal Reserve Bank of New York said that the general business condition index declined this December to 0.2 points after rising last November to 13.2 points.

New York Manufacturing Sector Index

Analysts had expected the index to decline to only 12 points, and despite the decline, the index reading still indicates growth in activity.
He said that companies remain optimistic that the business situation will continue to improve in the coming months.
However, the confidence index in the future of business declined from 33.2 points in November to 24.6 points in December.

Wall Street stock market

In the same context, the Wall Street stock market is expected to end the year 2025 at a level lower than its current levels in 2024.
According to Stifel investment strategies analyst Barry Bannister, according to what was reported by the American Yahoo Finance network, stable inflation will push the Federal Reserve to keep interest rates high.

Weak economic growth

This comes with weak economic growth, which acts as major catalysts for a decline in the stock market’s rise, while some previous forecasts see that the Standard & Poor’s 500 Index may reach 7,000 points next year.
While Bannister believes that the year 2025 may end with the index at the mid-5000 points, declining from its current level of about 6070 points.