New York Manufacturing Index Expands at Slower Pace in Sept.

Manufacturing activity in the New York region expanded at a slower pace in September, the Federal Reserve Bank of New York said Sept. 16.

The “Empire State Index,” generally the first economic indicator in a given month, declined to a 6.3 reading from 8.2 in August, the regional Fed said.

Readings greater than zero show expansion, while those less than zero indicate contraction.

Economists had forecast a reading of 9.1, Bloomberg News reported.

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