After reporting a slight decrease in regional manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Tuesday showing a modest increase in activity in the month of February.
The New York Fed said its general business conditions index rose to a positive 3.1 in February from a negative 0.7 in January.
While a positive reading indicates growth in regional manufacturing activity, however, economists had expected the index to show a more significant rebound to a positive 12.2.
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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.