Economic Buzz: New York Fed General Business Conditions Index Slips

Economic Buzz: New York Fed General Business Conditions Index Slips

Jun 16, 2021 09:06 IST capital market

New York manufacturing activity rose at a slower rate in the month of June, 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 fell to 17.4 in June from 24.3 in May, although a positive reading still indicates growth in regional manufacturing activity. The new orders index tanked to 16.3 in June from 28.9 in May while the price indexes also eased from last months record highs.

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