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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