Pointing to a slower pace of growth, the Federal Reserve Bank of New York released a report on Monday showing a much bigger than expected decrease by its index of regional manufacturing activity in the month of September.
The New York Fed said its general business conditions index fell to 19.0 in September from 25.6 in August, although a positive reading continues to indicate growth in regional manufacturing activity. The index had been expected to dip to 23.0.
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