- Starting to see consistent strength
- Strength in imports and exports show global rebound
USD/JPY still remains up at 99.70 after touching a new high of 99.83.
EUR/USD gains back some lost ground from the low at 1.3144 to 1.3168
An interesting take from the report is what respondents are saying;
“Slight improvements in both domestic and international sales.” (Fabricated Metal Products)
“Business is slowing down, not sure why — but we may end up below last year’s sales levels, whereas we had forecast 6.5 percent growth.” (Miscellaneous Manufacturing)
“Material prices continue to be favorable; business is steady.” (Paper Products)
“Slowing down slightly, but still stronger than last year by 20 percent.” (Furniture & Related Products)
“Military slowdown affecting business.” (Computer & Electronic Products)
“Summer seasonal businesses are doing well after a late start.” (Printing & Related Support Activities)
“Still not seeing the year we had expected. Cautious about the balance of 2013.” (Machinery)
“Tight government spending still affecting business.” (Transportation Equipment)
“With improved weather outlook in the central states, agricultural prices are relaxing year over year.” (Food, Beverage & Tobacco Products)
“We have benefitted from the Yen; seeing a 20 percent decrease in material costs from 2012 to 2013.” (Chemical Products)
So from the horses mouth the picture is showing improvement but not there’s no clinking of glasses toasting success.
