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Growth in New York manufacturing activity has seen a modest slowdown in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday.
The New York Fed said its general business conditions index edged down to 6.5 in January from a revised 7.6 in December, although a reading above 50 still indicates growth.
Economists had expected the general business conditions index to dip to 8.0 from the 9.0 originally reported for the previous month.
