- Analytics
- News and Tools
- Market News
- US: NY Fed Empire State Manufacturing Index improves to 4.5 in November vs. -5 expected
US: NY Fed Empire State Manufacturing Index improves to 4.5 in November vs. -5 expected
- NY Fed Empire State Manufacturing Index rose sharply in November.
- US Dollar (USD) stays under stroıng selling pressure on Tuesday.
The headline General Business Conditions Index of the Federal Reserve Bank of New York's Empire State Manufacturing survey improved sharply to 4.5 in November from -9.1 in October. This reading came in much better than the market expectation of -5.
"New orders decreased slightly, while shipments expanded modestly," NY Fed noted in its publication.
"Labor market indicators pointed to a solid increase in employment and a longer average workweek. Input prices increased at about the same pace as last month, while selling price increases picked up. Looking ahead, firms expect business conditions to worsen over the next six months."
Market reaction
The relentless US Dollar (USD) selloff continues in the early American session and the US Dollar Index was last seen losing 1.4% on the day at 105.45.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
