New York Manufacturing Index Expands

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Manufacturing activity in the New York region expanded in October at the highest rate in four months, the Federal Reserve Bank of New York said Friday.

The regional Fed鈥檚 鈥淓mpire State Index,鈥 generally the first economic indicator in a given month, rose to a 15.7 reading, from 4.1 in September, the regional Fed said.

Readings above zero indicate expansion. The index was more than twice economists鈥 forecasts of a 6 reading, Bloomberg reported.

Manufacturing is one of trucking鈥檚 largest and most important customers.



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