MNI BRIEF: China Q2 GDP Impacted By Bad Weather - NBS

MNI China Press Digest July 15: Consumption, Exports, FDI

MNI: PBOC Conducts CNY100 Bln Via 1Y MLF; Rates Unchanged

CHINA PBOC CONDUCTS CNY129 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1313 Mon; -1.35% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1313 MON VS 7.1315

MNI: CANADA MAY WHOLESALE SALES -1.4%; EX-AUTOS -0.1%

MNI: CANADIAN MAY MANUFACTURING SALES +0.4% MOM

MNI: US NY FED EMPIRE STATE MFG INDEX -6.6 JUL

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Empire Manufacturing Survey Sees Rare Stability

US DATA
EM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsMetals bulletEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • The Empire Fed manufacturing survey fared a little better than expected in July, essentially holding steady at -6.6 (cons -8.0) after -6.0, a rare lack of volatility for the survey.
  • It consolidates a relative improvement after three months between -14 and -21, and with a similar story in the new orders component (-0.6 after -1.0 following three months between -16 and -17).
  • Continuing the similarities with the June report, the six-month outlook softened but remains far more optimistic than current conditions at +25.8 after June’s +30.1 was the highest since Mar 2022.
  • On prices, there’s no sign of the spike in prices received in last month’s Philly survey. Empire current period prices received were +6.1 after +7.1, the lowest since Jul 2023 and before that Dec 2020.

126 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • The Empire Fed manufacturing survey fared a little better than expected in July, essentially holding steady at -6.6 (cons -8.0) after -6.0, a rare lack of volatility for the survey.
  • It consolidates a relative improvement after three months between -14 and -21, and with a similar story in the new orders component (-0.6 after -1.0 following three months between -16 and -17).
  • Continuing the similarities with the June report, the six-month outlook softened but remains far more optimistic than current conditions at +25.8 after June’s +30.1 was the highest since Mar 2022.
  • On prices, there’s no sign of the spike in prices received in last month’s Philly survey. Empire current period prices received were +6.1 after +7.1, the lowest since Jul 2023 and before that Dec 2020.