The NY Federal Reserve’s October Empire State Manufacturing Survey indicates that growth for NYS manufacturers eased over the last month, falling -6.5 points to 10.5 (a reading above 0 indicates expansion). New Orders, Shipments and Average Employee Workweek were all up, while Unfilled Orders and Inventories were down. The future outlook six months from now softened, falling -7.5 to 32.8. See the full report here.
