- Analytics
- News and Tools
- Market News
- US: NY Empire State Manufacturing Index slumps to -0.70 in January vs. expected drop to 25.70
US: NY Empire State Manufacturing Index slumps to -0.70 in January vs. expected drop to 25.70
- Headline NY Fed Manufacturing Index fell to -0.70 in January, well below expectations for 25.70.
- The DXY saw some mild weakness in an immediate reaction.
The headline General Business Conditions Index of the NY Fed's Empire State Manufacturing Survey slid to -0.70 in January, from December's 31.90 reading. That was much larger than the expected drop to 25.70 and marked the first time the reading had fallen into negative territory since June 2020.
Subindices:
- The New Orders subindex fell to -5.0 in January from 27.1 in December.
- The Prices Paid subindex fell to 76.7 from 80.2.
- The Employment subindex fell to 16.1 from 21.4.
- The Six-month Business Conditions subindex remained elevated at 35.1 versus 36.4 the month prior.
Market Reaction
The DXY has seen some modestly negative ticks in recent trade following the large miss on expectations in terms of the latest NY Fed survey, with the DXY recently falling back under 95.50.
© 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
