EMPIRE FED MANUFACTURING UNEXPECTEDLY SINKS INTO CONTRACTION Matthew Boesler| May 15, 2013, 8:30 AMThe New York Fed's Empire State Manufacturing Survey for the month of May is out. The headline index fell to -1.43 from 3.05 in April, defying economists' prediction for a rise to 4.00. The new orders sub-component fell to -1.17 in May from 2.20 in April. The shipments sub-component fell to -0.02 from 0.75. Below is a summary of the data from the release: The May 2013 Empire State Manufacturing Survey indicates that conditions for New York manufacturers declined marginally. The general business conditions index fell four...