The Empire State manufacturing index moved into positive territory for the first time since July, the New York Federal Reserve Bank said
The index rose to 10.0 in February from a negative 7.8 in the prior month
Economists polled by MarketWatch expected the index to stay in contractionary territory at negative 2.0 in February
Details of the report were mainly positive
The key new orders sub-index jumped to 13.3 from negative 7.2 and shipments also rose sharply
Labor market conditions were mixed
An index of expectations of activity six months ahead rose to its highest level since April
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A real-estate industry report for January found home sales edged up and inventory shrank, while the Conference Board’s survey of leading indicators signaled a slow pace of near-term economic growth
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