Supply Chain Management

In New York, manufacturing index tumbles to lowest level in 19 months

By Bloomberg

Dec 17, 2018

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Factories in New York state reported a sharp slowdown in business, sending a Federal Reserve index tumbling this month to a 19-month low and adding to signs U.S. economic growth is moderating.

The New York Fed’s Empire State manufacturing index fell 12.4 points to 10.9, according to a report Monday. That’s the lowest level since May 2017 and the biggest one-month decline since May 2016.

Read the full story at bloomberg.com.