New York Fed Empire manufacturing index for June was released today at 1:30 pm BST. The report is often overlooked by markets and does not trigger any immediate, large market reaction. However, this index as well as other regional activity indices are one of the most timely measures of the US economy performance and are worth watching as they often show economic developments before they are evidence in the 'hard' data.
Index was expected to improve from -15.6 in May to -10.0 in June. However, actual report showed a bigger than expected improvement, to -6.0. Nevertheless, in spite of this beat, no major move in the market could be spotted with USD moving just slightly higher.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
