(Reuters) – The pace of growth in New York state manufacturing slowed more than expected in April as new orders tumbled, the latest data to suggest the economylost some steam heading into the second quarter, data from the New York Federal Reserve showed on Monday.

The New York Fed’s “Empire State” general business conditions index fell to 3.05, from 9.24 in March, short of economists’ forecasts for a smaller decline to 7.  Read more