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Empire State Manufacturing Index at lowest level since 2009

Monday, Aug 17 2015
The headline general business conditions index tumbled nineteen points to -14.9, its lowest level since 2009. Analysts were forecasting incline to 5.0. The new orders and shipments indexes also fell sharply, to -15.7 and -13.8 respectively, pointing to a marked decline in both orders and shipments. The inventories index dropped to -17.3, signaling that inventory levels were lower. 
 
Price indexes showed that input prices were slightly higher, while selling prices were flat. Labor market indicators suggested that employment levels and hours worked were little changed. Indexes for the six-month outlook registered somewhat greater optimism than in July, with the future general business conditions index rising seven 1 to 33.6.
 
Data did not have any major impact on the market. Euro is currently being traded around 1.11 handle, Sterling is at 1.5630 level, while Aussie is at 0.7330 area.
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