New York Manufacturing Index Expands at Slower Pace in Sept.

Manufacturing activity in the New York region expanded at a slower pace in September, the Federal Reserve Bank of New York said Sept. 16.

The 鈥淓mpire State Index,鈥 generally the first economic indicator in a given month, declined to a 6.3 reading from 8.2 in August, the regional Fed said.

Readings greater than zero show expansion, while those less than zero indicate contraction.

Economists had forecast a reading of 9.1, Bloomberg News reported.



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