January Empire State Index Jumps to 11.9

Orders and sales at factories in the New York region picked up in January, signaling manufacturing will keep contributing to the expansion. The Federal Reserve Bank of New York’s general economic index rose to 11.9 from a revised 9.9 in December. Economists projected an increase to 12.5, based on the median forecast in a Bloomberg News survey.

Be the first to comment

Leave a Reply

Your email address will not be published.