September 16, 2019 / 12:37 PM / a month ago

N.Y. Fed "Empire State" business index falls in September

NEW YORK, Sept 16 (Reuters) - The New York Federal Reserve said on Monday its gauge of business growth in New York state declined more than forecast in September, suggesting sluggish regional activity amid a U.S.-China trade dispute.

The regional Fed’s “Empire State” index on current business conditions fell to 2.0 points this month from 4.8 points in August. For September, analysts polled by Reuters had forecast a reading of 4.0.

A reading above zero suggests an expansion in regional business activity. (Reporting by Richard Leong; Editing by Angus MacSwan)

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