RTTNews - Conditions for New York manufacturers have continued to deteriorate in the month of June, according to a report released by the New York Federal Reserve on Monday, with the index of activity in the sector falling by much more than expected.

The New York Fed said its general business conditions index fell to a negative 9.4 in June from a negative 4.55 in May, with a negative reading indicating a deterioration in conditions. Economists had expected the index to edge down to a negative 5.10.

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