June US Empire Fed manufacturing index -8.6 vs +11.0 expected

Author: Adam Button | Category: News

Manufacturing survey for the New York area

Empire Fed
  • Lowest since October 2016
  • Prior was +17.8
  • New orders -12.0 vs +9.7 prior
  • Employment -3.5 vs +4.7 prior
  • Prices paid +27.8 vs +26.2 prior
  • Six-month business conditions +25.7 +30.6
That's a big miss.It's the largest one-month fall on record. Normally it's not a big USD mover but this is going to add to some of the worries about the US economy.

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