<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/58529aa8a1a45e9f018b606b-2238/undefined" alt="Empire state building" data-mce-source="John Moore/Getty Images" /><p class="source"><span>John Moore/Getty Images</span></p></div><p></p></div></div>The New York Federal Reserve's Empire State manufacturing index jumped to 9.0 for the month of December, higher than the 4.0 expected from economists.</p><p>The measure of manufacturing in the New York state area jumped from its previous reading of 1.5.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/fed-federal-reserve-raised-rates-janet-yellen-explain-why-2016-12">Watch Yellen explain why the Federal Reserve decides to raise rates</a></h3>        <div>            <div>    <script src="http://player.ooyala.com/v3/6e12e8b3387a44daacfb73afba25a76e"></script>    <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="9iN245ODE6FzNRBdC0_U12Pgj2-fdpNL" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>    <script>    if (typeof RunFunctions === 'undefined') { var RunFunctions = []; }     RunFunctions.push(function()    {         var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', '9iN245ODE6FzNRBdC0_U12Pgj2-fdpNL',{ autoplay: 'false' });     });    </script>    <noscript><div>Please enable Javascript to watch this video</div></noscript></div>        </div>        <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script>    </div>

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Empire manufacturing surges

John Moore/Getty ImagesThe New York Federal Reserve's Empire State manufacturing index jumped to 9.0 for the month of December, higher than the 4.0 expected from economists.The measure of manufacturing in the New York state area jumped from its previous reading of 1.5. NOW WATCH: Watch Yellen explain why the Federal Reserve decides to raise rates if (typeof RunFunctions === 'undefined') { var RunFunctions = []; } RunFunctions.push(function() { var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', '9iN245ODE6FzNRBdC0_U12Pgj2-fdpNL',{ autoplay: 'false' }); }); Please enable Javascript to watch this video (function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }());

John Moore/Getty ImagesThe New York Federal Reserve's Empire State manufacturing index jumped to 9. 0 for the month of December, higher than the 4.

Empire manufacturing surges

Bob Bryan

NOW WATCH: Watch Yellen explain why the Federal Reserve decides to raise rates

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