The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey rebounded to -48.5 in May from the all-time low it set at -78.2 in April. This reading beat the market expectation of -63.5. Key takeaways “Fifteen percent reported that conditions were better in May than they were in April, while 63 percent reported that conditions had worsened.” “The new orders and shipments indexes also increased, but remained well below zero at -42.4 and -39.0, respectively, pointing to another month of significant declines in orders and shipments.” “After plunging last month, the index for number of employees increased nearly 50 points to -6.1, suggesting that after declining sharply last month, employment levels fell somewhat further in May.” “On the whole, firms expected business conditions to be better in six months. The index for future business conditions rose 22 points to 29.1.” Market reaction The US Dollar Index, which touched a session high of 100.49 earlier in the hour, was last seen flat on the day at 100.27. 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 EU’s Barnier: Not optimistic on chances for deal with UK FX Street 2 years The headline General Business Conditions Index of the NY Fed's Empire State Manufacturing Survey rebounded to -48.5 in May from the all-time low it set at -78.2 in April. This reading beat the market expectation of -63.5. Key takeaways "Fifteen percent reported that conditions were better in May than they were in April, while 63 percent reported that conditions had worsened." "The new orders and shipments indexes also increased, but remained well below zero at -42.4 and -39.0, respectively, pointing to another month of significant declines in orders and shipments." "After plunging last month, the index for number of employees increased… Top 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.
