US DATA: Apr Richmond Fed data: mfg shipemnts 6 Apr vs 23 Mar, new
orders 10 vs 20. Service sector rev 28 vs 14, retail sales revs 24 vs
-12. Text says “mfg activity in the central Atlantic region expanded in
April for the seventh straight month but at a more temperate pace than a
month ago, according to the Richmond Fed’s latest survey. All broad
indicators – including shipments, new orders and employment – continued
to grow but at a rate below March’s pace. Other indicators were mixed.
Fifth District contacts reported that capacity utilization continued to
grow more slowly, while backlogs turned slightly negative.”