Empire State Manufacturing Index

Encouraged by Sales, Businesses Restock Shelves

A decent retail sales pace prompted businesses to restock shelves and warehouses, as business inventories rose a better-than-expected 0.6% in August. Meanwhile, a manufacturing activity in the New York area unexpectedly jumped in October, providing another sign that business in the nation%u2019s factories may be picking-up again, after a summer slowdown.

The Expansion Gets Another Warning Sign

This measure is considered an early peek at more comprehensive reports coming later. And the August index is showing tell-tale signs that the U.S. factory sector wasn't immune to the country's slowing economic expansion.