New York factory output surges

New York could be set to replicate the economic recoveries in Germany and the UK with a boom in manufacturing, according to data released yesterday. The US Empire State manufacturing index jumped from 9.9 to 11.9 for this month. Yet the most positive data came in new orders, which shot up to 12.4 from 2.0. Shipments hit a ten month high of 25.4, up from 7.1.