NY factory activity grows more slowly in October

Published October 15, 2013 4:40pm ET



WASHINGTON (AP) — Factory activity in the New York region expanded more slowly in October, a sign that the partial government shutdown may be weighing on the economy.

The Empire State manufacturing index fell to 1.5 in October from 6.3 in September, the Federal Reserve Bank of New York said Tuesday. Any reading above zero indicates expansion. Despite the decline, manufacturing in the region has grown for five straight months.

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