Investing.com – The New York Federal Reserves index of manufacturing conditions fell more-than-expected in September, official data showed on Wednesday.
In a report, the Federal Reserves Bank of New York said that its general business conditions index fell to 4.1 in September, after rising to 7.1 in August.
Analysts had expected the index to decline to 5.0 in September.
The report said that employment indexes were positive suggesting that employment levels and the average workweek continued to expand over the month.
But the degree of optimism about the six-month outlook continued to deteriorate, with the future general business conditions index hitting its lowest level since early 2009.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.16% to hit 1.2976.
Meanwhile, U.S. futures indices were lower. The Dow Jones Industrial Average futures indicated a slide 0.36%, S&P 500 futures pointed to a loss of 0.49% and Nasdaq 100 futures indicated a drop of 0.48%.
In a report, the Federal Reserves Bank of New York said that its general business conditions index fell to 4.1 in September, after rising to 7.1 in August.
Analysts had expected the index to decline to 5.0 in September.
The report said that employment indexes were positive suggesting that employment levels and the average workweek continued to expand over the month.
But the degree of optimism about the six-month outlook continued to deteriorate, with the future general business conditions index hitting its lowest level since early 2009.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.16% to hit 1.2976.
Meanwhile, U.S. futures indices were lower. The Dow Jones Industrial Average futures indicated a slide 0.36%, S&P 500 futures pointed to a loss of 0.49% and Nasdaq 100 futures indicated a drop of 0.48%.