Investing.com - NY manufacturing contracts
Manufacturing activity in the New York region contracted for the seventh straight month in February, but the pace of decline slowed.
The New York Fed said its manufacturing index improved to -16.6 this month from -19.4 in January, compared to expectations for a reading of -10.0.
A reading above zero indicates improving busines conditions, below indicates worsening conditions.
The U.S. manufacturing sector has come under pressure in recent months as the strong dollar made exports less competitive and global demand weakened.