Analysts at Nomura note that the US ISM manufacturing survey increased to 58.7 in May, above expectations (Nomura: 58.0, Consensus: 58.2), as manufacturing activity accelerated despite continued uncertainty over US trade policy. Key Quotes “Brightening business prospects for 2018 appear to be more than offsetting concerns about rising input costs and supply constraints. The report overall punctuates a string of healthy data for the US economy as Q2 appears set to show real GDP growth above 3% q-o-q saar. The strong increases in the production index (+4.3pp) and new orders index (+2.5pp) indicate a pickup in both contemporaneous activity and near-term momentum, consistent with other incoming data on Q2. Elsewhere, the backlog of orders and supplier deliveries indices both showed increases, suggesting elevated levels of demand.” “The pickup in manufacturing activity was broad-based, even beyond the ISM manufacturing report, and fits well with the June Beige Book which referenced an acceleration in manufacturing activity in recent weeks. Manufacturing surveys from the Dallas, Kansas City, New York, Philadelphia and Richmond Federal Reserve Banks all showed an improvement during May.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Italy: 1Q18 GDP growth confirmed at 0.3% QoQ – ING FX Street 5 years Analysts at Nomura note that the US ISM manufacturing survey increased to 58.7 in May, above expectations (Nomura: 58.0, Consensus: 58.2), as manufacturing activity accelerated despite continued uncertainty over US trade policy. Key Quotes "Brightening business prospects for 2018 appear to be more than offsetting concerns about rising input costs and supply constraints. The report overall punctuates a string of healthy data for the US economy as Q2 appears set to show real GDP growth above 3% q-o-q saar. The strong increases in the production index (+4.3pp) and new orders index (+2.5pp) indicate a pickup in both contemporaneous activity and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
