After reporting a notable slowdown in the pace of growth in regional manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Wednesday showing an unexpected rebound in the pace of growth in the month of September.
The New York Fed said its general business conditions index surged up to 34.3 in September after plunging to 18.3 in August, with a positive reading indicating growth in regional manufacturing activity.
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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.