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Growth of NY service sector business activity slowed in September, survey finds By Reuters


© Reuters. FILE PHOTO – 5th Avenue stores remain closed as the streets are less crowded due to ongoing coronavirus diseases (COVID-19), in Manhattan, New York U.S.A. May 5, 2020. Taken May 5, 2020, at 2:33 PM. REUTERS/Lucas J

(Reuters) – Business activity for service sector firms in the New York region continued to grow in September but at a slower pace, according to a survey released on Thursday by the New York Federal Reserve.

New York Fed’s Business Activity Index fell to 14.4, which is the third successive monthly decrease for the survey, which covers New York, New Jersey, and southern Connecticut.

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