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2018.02.1508:43:00UTC+00New York Manufacturing Index Drops More Than Expected In February

Manufacturing activity in New York grew at a somewhat slower rate in the month of February, according to a report released by the Federal Reserve Bank of New York on Thursday.

The New York Fed said its general business conditions index fell to 13.1 in February from 17.7 in January, although a positive reading still indicates growth. Economists had expected the index to edge down to 17.5.

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