June US Empire Fed manufacturing survey -16.0 vs -5.5 expected

• Prior reading was -9.2

Details:

• New orders: -14.2 vs +7.0 prior
• Shipments: -7.2 vs +3.5 prior
• Unfilled orders: -8.3 vs +4.8 prior
• Delivery times: +1.8 vs +1.0 prior
• Inventories: +0.9 vs +4.8 prior
• Prices paid: +46.8 vs +59.0 prior
• Prices received: +26.6 vs +22.9 prior
• Employment: +4.7 vs -5.1 prior
• Average employee workweek: -1.5 vs -3.4 prior

Six-month ahead expectations

• General business conditions: +21.2 vs -2.0 prior
• New orders: +26.1 vs -2.7 prior
• Capital expenditures: -7.3 vs -6.7 prior

Prices paid came down but so did new orders.

This article was written by Adam Button at www.forexlive.com.