New York Fed Index Rises To 18.9 In September

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Conditions for New York manufacturers continued to improve in September, according to a report released by the Federal Reserve Bank of New York on Tuesday, with the index of activity in the sector moving more firmly into positive territory.

The New York Fed said the general business conditions index rose to 18.9 in September from 12.1 in August, with a positive reading indicating growth in the manufacturing sector. Economists had been expecting the index to edge up to a reading of 15.0.

Conditions for New York manufacturers continued to improve in September, according to a report released by the Federal Reserve Bank of New York on Tuesday, with the index of activity in the sector moving more firmly into positive territory. (Market News Provided by RTTNews)