• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

New York Manufacturing Retreats to Negative Territory

May 16, 2022 by Forex Winner Leave a Comment

New York Manufacturing Retreats to Negative Territory

Source: New York Fed

New York business activity contracted in May, marking the second negative reading in the past three months after the strong growth in the previous month. QQQ is down 0.70%, while SPY is down 0.48%.

  • New York manufacturing stood at -11.6 in May, reflecting a 36-point decline, based on results of the latest Empire State Manufacturing Survey.
  • Some 20% of respondents reported an improvement in conditions, while 32% said conditions have worsened.
  • New orders declined by 34 points to -8.8, while shipments slipped by 50 points to -15.4 after both posting an expansion in the past month.
  • The indicator for employees grew by seven points to 14.0, while the workweek index posted a modest increase at 11.9.
  • Optimism for the next six months posted a slight decline to 18.0, with hikes in prices and employment expected to continue growing in the coming months.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance

Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance

June 16, 2022

Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike

Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike

June 16, 2022

Footer

Forex Broker Reviews

FxPro

FxPro Review

March 20, 2020 By Forex Winner

europefx

EuropeFX Review

December 26, 2019 By Forex Winner

forex armor

Hantec Markets Review

January 22, 2020 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure