New York Manufacturing Index Expands at Slower Pace in August

Manufacturing activity in the New York region expanded at a slower pace in August, the Federal Reserve Bank of New York said Thursday.

The “Empire State Index,” generally the first economic indicator in a given month, declined to an 8.2 reading, from9.5 in July, the regional Fed said.

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

Economists had forecast a reading of 10, Bloomberg News reported.



Manufacturing is one of trucking’s largest and most important customers.