The Associated Press reports in The Daily Freeman
that New York manufacturing growth slowed to its softest pace since April. The Empire State Manufacturing index of the Federal Reserve Bank of New York dropped 6.2 points in October, down from a five-year high of 27.5 in September. Factories, though, are still adding workers, the report indicated with its measure of hiring jumping seven points to 10.2. The report also said that inflation remains slow and prices for manufactured goods declined. Read the full story in The Daily Freeman.