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US Manufacturing Drops to 5 Month Low

The pace of manufacturing growth in New York state slowed sharply in April to its lowest level in five months, the New York Federal Reserve said in a report on Monday.

The New York Fed’s “Empire State” general business conditions index dropped to 6.56 from 20.21 in March, far below economists’ expectations for 18.00. It was the lowest level since last November.

The survey of manufacturing plants in the state is one of the earliest monthly guideposts to U.S. factory conditions. After a rout last summer, manufacturing in New York had been improving steadily since last October.

via CNBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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