New York Manufacturing Index Declines

anufacturing growth slowed in New York state in April, the Federal Reserve Bank of New York reported Monday.

The regional Fed’s “Empire State index” fell to 15.8 from a reading of 29 in March, the Fed said. Readings above zero indicate expansion.

The level was well below economists’ forecast of a 24.3 reading, Bloomberg reported. Manufacturing is one of trucking’s largest and most important customers.