Conditions for New York manufacturers improved slightly in the month of April, according to a report released by the Federal Reserve Bank of New York on Monday, although the index of activity in the sector fell by more than anticipated.
The New York Fed said its general business conditions index fell to 3.1 in April from 9.2 in March. While a positive reading indicates an increase in activity in the New York manufacturing sector, economists had expected the index to show a more modest decrease to a reading of 7.5.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.