The manufacturing activity in the New York continued to contract in September, and sharply than expected, while the manufacturing sector in the Philadelphia region grew for the second month in a row.
Index of manufacturing activity in the New York (Empire State Index) climbed in September to minus 2 points compared to minus 4.2 points in August.
Economists expected a small increase in the index to minus 0.5 points.
Negative index indicates a contraction of activity in the manufacturing sector.
Index of manufacturing activity in the Philadelphia region a rose this month to 12.8 points, compared with a level of 2 points in August.
Economists Expect the index to decline by 0.8 points.
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