FYI: Manufacturing activity in the New York area has seen a notable slowdown in the month of October as the NY Fed's Empire Manufacturing survey came in significantly weaker than expected -- falling to its lowest level since April. While economists were expecting the headline General Business Conditions Index to fall to 20.25 from last month's level of 27.54, the actual decline to 6.17 was much larger than expected. It was also the largest monthly decline since November 2010 and the biggest miss relative to expectations since June 2011.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/10/15/weakest-empire-manufacturing-report-since-april.html?printerFriendly=true
