Here Comes The Empire Manufacturing Report...
Jan 15, 2015, 18:42 IST
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Economists estimate this regional activity index jumped to 5.0 in January from -3.5 in December.
"We look for a January reading of 4.0 for the Empire State manufacturing index, consistent with a return to modestly expansionary territory in the beginning of the year," Barclays economists said. "New orders and shipments both contracted in December; however, the employment index remained firm, suggesting a rebound in this month's reading."