The New York region's service sector activity "continued to grow modestly," according to the Federal Reserve Bank of New York's February Business Leaders Survey, released Thursday.

The business activity index slipped to 6.7 in February from 7.4 in January, the business climate index improved to positive 0.7 from negative 3.0, the number of employees index gained to 19.7 from 17.1, the wages index grew to 35.4 from 31.0, the prices paid index rose to 48.3 from 44.0, the prices received index increased to 11.8 from 9.6, and the capital spending index fell to 9.0 from 17.2.

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