NYS MANUFACTURING COOLS SLIGHTLY

The New York Federal Reserve’s Empire State Manufacturing Survey for September indicates that statewide manufacturing grew at a slightly slower rate than last month. The General Business Conditions Index fell to 19.0, down 6.6 points from August, but still reflecting substantial activity (a reading above 0.0 indicates expansion).  New Orders, Shipments Unfilled Orders and Delivery Time also indicated growth at a slower rate. Prices Paid crept up 1.1 points to 46.3, but the six-month outlook for Prices Paid rose to a five-year high of 56.1, up 2.8 points. See the full report here.