New York Manufacturing Index Drops to Record Low

October 15, 2008 8:40 AM, EDT

[Stay on top of transportation news: .]

Manufacturing growth in New York state declined in October to the lowest level since the index started in 2001, 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 negative 24.6�� reading from negative 7.4 in September.

Economists had forecast a reading of negative 10, Bloomberg said.

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

��

Newsletter Signup

Subscribe to Transport Topics

Hot Topics

trade deficit
Venezuela
Chevron
crude oil
Ford
robotaxi

91��Ƶ