http://www.bloomberg.com/apps/news?pid=20601068&sid=a3XAbInBCM8A
This article identifies a significant boost in the manufacturing industry nationwide indicating gains in manufacturing are aiding the economy and providing a nice boost to start the year. The Empire State Manufacturing Index is conducted by the Fed. Reserve Bank and is used to measure expansion in the manufacturing industry. There was a significant rise from 4.5 in December to 14.9 in January.
Statements from the Commerce Department attribute the rise to increasing production for the fifth time in the past six months as well as increasing demand from overseas that is bolstering production. New York based Alcoa Inc. forecasts that global aluminum demand will gain 10% this year, led by China.
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