Analysts at TD Securities point out that in the US session, the NY Empire manufacturing index is expected to have recovered some of the lost ground in March, rising from 3.7 to 8.0 in April.
Key Quotes
“Despite twin declines in new orders and shipments in March, the ISM-adjusted series appears to have stabilized. Any improvements in these measures could likely preclude another constructive print in the next ISM release.”
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