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The Empire State Manufacturing Survey consists of a series of diffusion indices distilled from a monthly survey of New York regional manufacturing executives and seeks to identify trends across 22 different current and future manufacturing related activities.

Tuesday’s report showed a notable improvement for both current and future assessments of manufacturing activity, with the current activity index climbing to 13.48 while future activity jumped to 54.87.

Current prices paid increased to 26.37, while current new orders improved 13.7 and assessments of future new orders weakened slightly to 53.85.

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Source: January's Empire State Manufacturing Survey Shows Current And Future Improvement