New York manufacturing conditions improved less than economists expected in January as the general business conditions index of the Empire State Manufacturing Survey rose to 11.92 from a December reading of 9.89.

Results for the Federal Reserve Bank of New York survey were released Tuesday. Economists expected the index to reach 12.75, according to the median estimate in a Thomson Reuters survey.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.