Today, the New York Fed released a report showing that while the manufacturing sector index continued to grow, it declined slightly during February.
The New York Fed showed that this month’s comprehensive business conditions index fell slightly to 7.1 points compared to last month’s 7.7 points.
optimistic expectations
The positive figures in the index indicate continued growth in economic activity in this sector, and analysts expected the index to decline to 6 points.
Looking to the future, the New York Fed said, “Businesses remain optimistic about expectations as the Future Business Conditions Index rose from 30.3 points in January last year to 34.7 points in February this year.”
The New York Fed today released a report showing that the manufacturing sector index remained in growth territory during February, but showed a slight decline.
The New York Fed showed that its general business conditions index fell slightly this month to 7.1 points, compared to 7.7 points last month.
optimistic forecast
The positive reading on the index suggests that economic activity in the sector continues to grow, with analysts expecting the index to decline by 6 points.
Looking ahead, the New York Fed said businesses remain optimistic about the outlook, as its future business conditions index rose from 30.3 points in January to 34.7 points in February.
