Business activity for New York manufacturers has continued to decline in the month of February, 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 climbed to a negative 16.6 in February from a negative 19.4 in January, but a negative reading continues to indicate a contraction in regional manufacturing activity. Economists had expected the index to rise to a negative 10.0.
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