Activity in the New York manufacturing sector unexpectedly expanded at a slower pace in the month of September, according to a report released by the Federal Reserve Bank of New York on Monday.
The New York Fed said its general business conditions index edged down to 6.3 in September from 8.2 in August but remains in positive territory.
While a positive reading indicates continued growth in the New York manufacturing sector, economists had expected the index to climb to 9.0.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.