Empire Manufacturing comes in as expected

Index comes in at 22.86 slightly higher than the 22.00 expected but down from 24.91 last month. New Orders were up smartly as was employment.  The report has had limited impact (USDJPY up a bit) as NY activity  is quiet after a stormy weekend (weather wise).

Prices Paid           29.63  vs 31.94
Prices Received        8.64   vs 4.17
New Orders            25.43  vs  8.78
Shipments             25.58  vs 15.14
Delivery Time          2.47 vs  -6.94
Inventories            4.94   vs 0.00
Unfilled Orders        4.94  vs  2.78
Number of Employees   12.35  vs 5.56