RTRS: N.Y. Fed manufacturing growth slows from 5-year high
NEW YORK, Nov 16 (Reuters) - A barometer of manufacturing in New York State fell in November, suggesting factory activity moderating for the first time in four months, the New York Federal Reserve said in a report on Monday.
The New York Fed's "Empire State" general business conditions index fell to 23.51 in November from 34.57 in October which was a five-year high.
Economists polled by Reuters had expected a reading of 30.0 in November.
The survey of manufacturing plants in the state is one of the earliest monthly guideposts to U.S. factory conditions.
(Reporting by Richard Leong, Editing by Chizu Nomiyama)
