According to the latest release the headline general business conditions index climbed four points to 10.2, indicating a pace of growth somewhat faster than last month. However, analysts were anticipating somwhat larger increase by 12.2 points. The new orders index rose eleven points to 9.1, and the shipments index advanced eleven points to 11.8. The index for number of employees edged down to 8.5 but remained positive, indicating that employment levels grew ; the average workweek index, by contrast, was negative, pointing to a decline in hours worked. After falling sharply last month, the prices paid index was little changed at 10.6—a sign that input prices had increased only modestly. The prices received index fell to zero, indicating that selling prices were flat. Data did not have any major impact on the markets, despite weaker than expected figures. Euro is currently being traded slightly below 1.25 handle, Sterling is around 1.5640 area, while Aussie is few points above 0.8720 level. Later today, Industrial Production figures are scheduled for a release.
Last modified on Tuesday, 18 November 2014
