Empire State Manufacturing Surges Back Into Expansion

The New York Fed reports in its empire state manufacturing release that the general business conditions index surged to a reading of 10.04 in February. This is a great improvement from the -7.77 reading in January, and marks the first time since July of 2012 that the index has been above zero, indicating economic expansion in the manufacturing sector.

February’s index was composed of 28.69% of business reporting that business conditions had improved, while 18.65% of those surveyed reported conditions had worsened.

Empire State Manufacturing 2 15 2013 650x433 Empire State Manufacturing Surges Back Into Expansion

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