New York Manufacturing Rebounds in January

Washington, DC, Jan. 15, 2015 –- Manufacturing activity in New York state surged in January following a decline in December, according to the Federal Reserve.

The New York Fed's Empire State general business conditions index rose to 9.95 from December's revised -1.23 reading, which was its first negative mark since January 2013.

Economists had expected a reading of 5.0 this month.