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NEW YORK CITY-Optimism about the future continues its gradual downward trend even as business conditions hold steady overall, the Federal Reserve Bank of New York said Wednesday. The New York Fed’s monthly Empire State Manufacturing Survey showed that the general business conditions index remained positive for September, although it slipped 3 points to 4.1. At the same time, the future general business conditions index fell 4 points to 31.3.

On balance, most New York manufacturers still expect business conditions to improve over the next six months, according to the New York Fed. However, this index is at its lowest level since March 2009.

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