Victor J. Blue/Bloomberg News
Manufacturing activity in the New York region slowed in April, the Federal Reserve Bank of New York said April 15.
The “Empire State Index,” generally the first economic indicator in a given month, fell to a 1.29 reading from 5.61 in March, the regional Fed said.
Economists had called for a reading of 8 in April, Bloomberg News reported. Readings greater than zero show expansion.
Manufacturing is one of trucking’s largest and most important customers.