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Empire State Manufacturing Index fell in April

Wednesday, Apr 15 2015
The headline general business conditions index turned slightly negative for the first time since December, falling eight points to -1.2. Analysts were anticipating incline to 7.2. The new orders index, negative for a second consecutive month, dropped four points to -6.0—evidence that orders were declining.  The shipments index climbed to 15.2, indicating that shipments expanded at a solid pace.
 
Labor market indicators pointed to an increase in employment levels but a somewhat shorter workweek. Input price increases picked up, with the prices paid index rising seven points to 19.2, while the prices received index fell four points to 4.3. The future general business conditions index climbed for a second consecutive month, suggesting greater optimism among manufacturers than in February and March, and the capital spending and technology spending indexes also advanced.
 
After the data USD was pushed lower. Euro is currently being traded slightly above 1.06 handle, Sterling is around 1.4770 area, while Aussie is at 0.76 handle. Later today, Industrial Production figures are scheduled for a release.
More in this category: « China's GDP expanded at the weakest pace since 2009 ECB sticks to its program »

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