The NY Federal Reserve Bank’s Empire State Manufacturing Survey for February reported an uptick in manufacturing across the State. The Current Business Conditions Index was up +8.6 to 12.1 (a reading above zero indicates growth) led by increases in New Orders and Shipments. According to the NY Fed “Input Prices rose at the fastest clip in almost a decade.” The Survey also signaled increases in capital expenditures and technology spending and continued confidence in the six-month outlook.
