US: NY Fed Empire State Manufacturing Index improves to 10.1 in April vs 6 expected

Eren Sengezer FXStreet

"The general business conditions index increased six points to 10.1, indicating growth picked up somewhat but remained fairly subdued," the Federal Reserve Bank of New York said in its latest Empire State Manufacturing Survey.

Key takeaways from the press release

Thirty-three percent of respondents reported that conditions had improved over the month, while 23 percent reported that conditions had worsened.
The new orders index rose five points to 7.5, indicating orders picked up slightly.
The prices paid index fell seven points to 27.3 and the prices received index declined four points to 14.0.
The index for number of employees edged down two points to 11.9, pointing to ongoing employment gains.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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