Manufacturing activity in the US central Atlantic region continued its growth in April.
- The Fifth District Survey of Manufacturing Activity’s index rose to 14 in April from 13 in March, higher than the Wall Street economists’ consensus estimate of 10.
- Despite the jump, only one of the three component indexes that makes up the composite indicator rose compared with the prior month.
- The shipments index increased to 17 from 9 the prior month as the volume of new orders dropped slightly to 6 in April from 10 in March. The employment index dropped to 22 in April from 23 in March.
Manufacturers in the region were more optimistic about the short-term outlook than in the prior month. The future indexes for shipments, new orders, and employment all increased slightly.
DXY up +0.37%, EURUSD down -0.48%
Source: Federal Reserve Bank of Richmond
