New York Fed Manufacturing Index Falls in September
Topics:Employment | Consumers | Federal Reserve | Economy (Global) | Economy (U.S.)By Reuters | 17 Sep 2007 | 08:36 AM ET Font size: Manufacturing activity in New York State factories slowed more than expected in September as new orders and shipments slid, the New York Federal Reserve said on Monday.
The New York Fed's "Empire State" general business conditions index dropped to 14.70 in September from 25.06 in August. Economists polled by Reuters had expected a reading of 18.00 for September.
The index on new orders fell to 13.56 in September from 22.21 in August, while the reading on shipments tumbled to 5.09 in September from 28.82 in August.
The index on the number of employees rose to 18.22 in September from 11.62 in August, while the prices paid component rose to 35.11 from 34.41 in August.
The survey of manufacturing plants in the state is one of the earliest monthly guideposts to U.S. factory conditions.
http://www.cnbc.com/id/20819500
New York Fed Manufacturing Index Falls in...
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