Manufacturing in New York Area Expands in September

Manufacturing activity in the New York region increased in September, the Federal Reserve Bank of New York said Sept.15.

The “Empire State Index,” generally the first economic indicator in a given month, jumped to a 27.5 reading, the highest since October 2009, from 14.69 in August, the regional Fed said.

Economists had called for a reading of 15.95 in September, Bloomberg News reported. Readings greater than zero show expansion.

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