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New York manufacturing index jumps to 18.7 in February

Staff Writer | February 15, 2017
New York index of manufacturing conditions in the New York area jumped to its highest level in more than two years in February, the New York Fed said.
New York manufacturing index
Empire State   The highest level since September 2014
The index rose to 18.7 in February from 6.5 in January. That’s well above economists forecasts of a reading of 7.5 according to Econoday and the highest level since September 2014. Any reading above zero indicates improving conditions.

The details of the report were also strong. The new orders index climbed to 13.5 in February from 3.1 in the prior month.

Shipments rose to 18.2 from 7.3 in January. The unfilled orders index rose above zero for the first time in more than five years.