Manufacturing activity in Philadelphia region continues to contract in May. US Dollar Index stays in the negative territory above 99. The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Manufacturing Business Outlook Survey improved modestly to -43.1 in May from -56.6 in April. This print was slightly worse than the market expectation of -41.5. Key takeaways “The index for new orders rose 45 points out of an all-time low for the series last month, from -70.9 to -25.7.” “The current shipments index increased 44 points out of an all-time low last month, from -74.1 to -30.3.” “Unfilled orders held steady at -13.7, while delivery times fell 11 points to -6.7, suggesting shorter delivery times.” “The firms continued to report overall decreases in manufacturing employment this month, but the current employment index increased 31 points to -15.3.” Market reaction The US Dollar Index paid little to no mind to this data and was last seen down 0.11% on the day at 99.05. 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 Canada: ADP Employment Change was -226,700 in April FX Street 2 years Manufacturing activity in Philadelphia region continues to contract in May. US Dollar Index stays in the negative territory above 99. The headline Diffusion Index of the Federal Reserve Bank of Philadelphia's Manufacturing Business Outlook Survey improved modestly to -43.1 in May from -56.6 in April. This print was slightly worse than the market expectation of -41.5. Key takeaways "The index for new orders rose 45 points out of an all-time low for the series last month, from -70.9 to -25.7." "The current shipments index increased 44 points out of an all-time low last month, from -74.1 to -30.3." "Unfilled orders… 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.
