New York manufacturing activity expanded at a slower rate in the month of June, 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 fell to 17.4 in June from 24.3 in May, although a positive reading still indicates growth in regional manufacturing activity. Economists had expected the index to dip to 22.0.
The bigger than expected decrease by the headline index reflected substantial slowdowns in the pace of growth in both new orders and shipments.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.