Empire State Manufacturing Index increased less than expected
The November 2015 Empire State Manufacturing Survey indicates that business activity declined for a fourth consecutive month for New York manufacturers. The headline general business conditions index was little changed at -10.7. Analysts were anticipating incline to -5.3. New orders and shipments also declined, although at a slower pace than last month.
Price indexes suggested that input prices increased slightly, while selling prices were slightly lower. Labor market conditions continued to deteriorate, with survey indicators pointing to a decline in both employment levels and hours worked. Indexes for the six-month outlook were little changed from last month, and suggested that optimism about future conditions remained tepid, even though employment is expected to increase.
Euro is currently being traded few points above 1.0730 level, Sterling is around 1.52 handle, while Aussie is below 0.71 area.
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