The Empire State Manufacturing Index rose from a revised 9.9 in December to 11.9 in January, according to the state's Federal Reserve Bank. This was shy of economists' forecast of 13; however, manufacturers expect activity to increase during the next six months.
The housing market index, released by the National Association of Home Builders/Wells Fargo, stayed a constant 16 for the third consecutive month. This seaso nally adjusted number--which measures market confidence for newly built single-family homes--was expected to increase by one point this month.
(news are ok, and good. market flat. everyone is waiting. )
Tuesday, January 18, 2011
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