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MW: Oct. Empire State index jumps to 15.7
 
By Steve Goldstein
WASHINGTON (MarketWatch) - Conditions for New York state manufacturers improved markedly in October, according to a report released Friday morning. The New York Fed's Empire State manufacturing survey jumped nearly 12 points to 15.7. Economists polled by MarketWatch expected the gauge to climb to 6.5 from 4.1 in September. The New York Fed said it's a clear gain over the relatively low but positive readings seen from July through September. Fewer respondents said conditions had wrosened, and the new orders index moved higher. The shipments index rose above zero, climbing 20 points to 19.4.
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