Business activity for New York manufacturers has continued to contract in the month of September, according to a report released by the Federal Reserve Bank of New York on Tuesday.
The New York Fed said its general business conditions index inched up to a negative 14.7 in September from a negative 14.9 in August, with a negative reading indicating a contraction in manufacturing activity.
Economists had expected the general business conditions index to show a more substantial improvement to a reading of negative 0.5.
The material has been provided by InstaForex Company – www.instaforex.com