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Manufacturing Output, Expectations Decline in April

April 21, 2022 by Forex Winner Leave a Comment

Manufacturing output

Source: Philadelphia Fed

Manufacturing output retreated in April to erase most of the gains recorded in the previous month, with firms expecting dimmer conditions moving forward. QQQ is up 1.44%, while SPY is up 1.05%.

  • The diffusion index for current general activity stood at 17.6, down from 27.4 in March and 44.5 in April 2021.
  • Over 34% of survey respondents reported an expansion in activity, while 17% recorded a contraction.
  • The indicator for new orders fell to 17.8, and the current shipments index to 19.1.
  • The employment index climbed even higher to 41.4 from the all-time high in March, as firms registered steady employment levels.
  • The index for the average workweek meanwhile fell to 20.8 from 21.4.
  • The prices paid index climbed to 84.6 to hit the highest reading since June 1979, while the prices received jumped to 55.0.
  • The diffusion index for future general activity fell to 8.2, the lowest print since December 2008.
  • Over 37% of respondents expect future activity to increase, while 29% expect decreases.

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Filed Under: Forex News Tagged With: Manufacturing, USA

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