US DATA: Jan NY Fed Empire State text: “indicates that
manufacturing expanded in New York State in January. The general
business conditions index climbed points to 13.5. The new orders index
rose eight points to 13.7 and the shipments index inched up to 21.7. The
prices paid index was positive and slightly higher than it was last
month while the prices received index jumped twenty points to 23.1,
indicating a significant pickup in selling prices. Employment indexes
were positive and higher, pointing to higher employment levels and a
longer average workweek. Future indexes conveyed a high degree of
optimism about the six-month outlook… On a series of supplementary
survey questions, 51 percent of respondents indicated that they expect
their workforces to increase over the next six to twelve months, while
just 9 percent predicted declines in the total number of workersresults
noticeably more positive than in the June 2011 survey. The current
results were slightly more positive for larger establishments (150 or
more employees) than for smaller ones.”