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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