The recent growth in New York's manufacturing sector has slowed, but economists say it's not all bad news.
"I wouldn't make too much out of just one month. It still is indicating growth," says Richard Deitz, senior economist at the Federal Reserve Bank of New York.
On Monday, the New York Fed released the April edition of its Empire State Manufacturing Survey [PDF].
After four months of steady growth, the Fed's "business conditions index" saw a 14-point drop. Still, the overall outlook remains positive.
Deitz says manufacturing employment continued to increase, though unevenly in different parts of the state.