Economy
November 17, 2014
Empire State Index Has Manufacturing Expanding But at a Slower Pace
Written by Sandy Williams
Manufacturing activity in New York expanded at a faster pace in November, according to the Empire State Manufacturing Index, but missed analyst expectations. The Index rebounded to 10.2 from 6.17 in October but failed to reach the forecast reading of 12.
The October and November readings are significantly lower than the May through September average of 20, indicating a slower a pace of growth in the state.
