New York Manufacturing Index Contracts for Fourth Month

Manufacturing activity in the New York region contracted inNovember for a fourth straight month, the Federal Reserve Bank of New York said Thursday.

The “Empire State Index,” generally the first economic indicator in a given month,wasminus 5.2after minus 6.2 in October, the regional Fed said.

Readings of less than zero indicate contraction, while above that shows expansion.

TheNovember reading was above economists’ forecasts of a minus 8 reading, Bloomberg reported.



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