Manufacturing activity in the New York region expanded in September at the lowest rate in more than a year, the Federal Reserve Bank of New York said Wednesday.
The regional Fed’s “Empire State Index,” generally the first economic indicator in a given month, fell to a 4.1 reading, from 7.1 in August, the regional Fed said.
It was the lowest reading since August 2009. Readings above zero indicate expansion.
The index was below economists’ forecasts of a reading of 8, Bloomberg reported.
Manufacturing is one of trucking’s largest and most important customers.
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