Empire state manufacturing jumps on optimistic conditions

• September Empire State Manufacturing Index: +34.30 vs. +18.6 consensus and +18.3 prior.
• New Orders Index: +33.7 vs. +14.8 prior.
• Shipments Index: +26.9 vs.+4.4 prior.
• Number of employees index: +20.5 vs. +12.8 prior.
• Labor market indicators pointed to strong growth in employment and the average workweek.
• Looking ahead, firms remained very optimistic that conditions would improve over the next six months, and capital spending and technology spending plans increased markedly.