Manufacturing data for the New York area

  • Prior was 18.0
  • Employment 3.8 vs 22.9 in Dec
  • New orders 11.9 vs 19.0 in Dec
  • Prices paid 36.2 vs 29.7 prior
  • Six months conditions 48.6 vs 46.3 prior
  • Inventories 13.8 vs 1.4 prior

Slightly lower on the headline but some of the key sub-indexes are much worse. The jump in prices paid could be a sign of things to come, especially with WTI at $64.

"Firms remained very optimistic about future business conditions and capital spending plans were robust," the report said.