the New York Feds

The New York Feds: The Empire State manufacturing index fell to 1.5 in October from 6.3 in September, the Federal Reserve Bank of New York said Tuesday. Any reading above zero indicates expansion. Despite the decline, manufacturing in the region has grown for five straight months, according to 660 News. The New York Feds regional manufacturing report will receive more attention than usual this month because its one of the few available measures of the economy during the shutdown, which is now in its third week. Government data, including the monthly employment report and retail sales figures, have been delayed and WASHINGTON Factory activity in the New York region expanded more slowly in October, a sign that the partial government shutdown may be weighing on the economy. A measure of new orders rose, pointing to healthier future growth. And factories continued to add jobs, albeit at a slower pace. (www.immigrantscanada.com). As reported in the news.