Manufacturing bellwether
Economists project that the Federal Reserve Bank of New York’s index of manufacturing activity was little changed last month.
They expect that the Empire State Manufacturing Index, which is due out today, slipped to 18 in September from 18.3 the previous month. That would be the second straight monthly drop since the index hit a record high of 43 in July. Any reading over zero signals growth. Economists track the index because it provides a first look at the health of U.S. manufacturing each month.