New York Manufacturing Continues to Expand

New York, NY, Sept. 16, 2013 -- The Empire State manufacturing index fell to 6.29 in September from 8.24 in August.

Economists were looking for a reading of 7.0.

The general business conditions index edged down two points but, at 6.3, remained in positive territory.

The new orders index inched up two points to 2.4, while the shipments index jumped nearly 15 points to 16.4—its highest level in more than a year.

The future general business conditions index rose for the third straight month, climbing three points to 40.6, its highest level since the spring of 2012.