NY Fed manufacturing index contracts in May to lowest in 4 months

http://www.reuters.com/article/2013/05/15/usa-economy-nyfed-idUSL2N0DW1Q820130515

Activity in New York state's manufacturing sector unexpectedly contracted in May, falling to the lowest level in four months as new orders and employment pulled back, data from the New York Federal Reserve showed on Wednesday.

The New York Fed's "Empire State" general business conditions index fell to minus 1.43 in May from 3.05 in April, compared to economists' expectations for an increase to 4.