The index of business climate in September fell to 2 points

The Federal Reserve Bank of New York has published a monthly report. According to his data, in September the index assessing the business climate in the region fell to 2 points. In August it was 4.8 points. Analysts expected a slight decrease of the indicator – to 4 points. Despite the fall in the index, it still remains in the positive zone. This indicates an increase in activity in the manufacturing sector. The Federal Reserve Bank said in a statement that overall business activity in New York's manufacturing sector is stable. However, analysis of the data showed that expectations about the dynamics of activity in the near future have slightly worsened. Forecasts, which estimate the outlook for 6 months, indicate a decrease in the degree of optimism in business sentiment in the manufacturing sector of New York.