New York Area Manufacturing Slows in October

Washington, DC, Oct. 15, 2014 -- Manufacturing in the New York region expanded at a much slower pace in October, according to the New York Federal Reserve.

The Empire State general business conditions index fell to 6.2 in October after hitting a near five-year high of 27.5 in the prior month.

Economists called for a reading of 21.0 in October. Readings greater than zero signal expansion.