gSource: New York Fed The general business conditions index gauging manufacturing in New York State dropped by fifteen points in March to mark the lowest level since May 2020 of -11.8. SPY is up +1.25%, DXY is down -0.23%. 24% of manufacturing firms said conditions have improved in the last one month, lower than 35% who pointed to worsening situations.Modest declines … [Read more...] about New York Manufacturing Activity Falls for the First Time in Almost 2 Years in March
Forex News
US Producer Inflation Flat in February
Source: Bureau of Labor Statistics Producer inflation was unchanged in February, driven mainly by the higher prices for high-demand goods during the month. QQQ is up 1.86%. Annual producer inflation clocked in 10.0% in February, unchanged from January and faster than the 3.0% recorded in February 2021.Monthly inflation slowed to 0.8%, down from 1.2% in the previous month … [Read more...] about US Producer Inflation Flat in February
Eurozone, EU Industrial Production Growth Fall to Three-Month Low
Source: Eurostat Industrial production in the eurozone was flat and slightly up in the European Union in January, marking a slowdown from the growth recorded in the previous months. EZU is up 0.07%, while VGK is down 0.09%. Industrial production in the eurozone was flat in January, reflecting a three-month low following the 1.3% growth in December and 2.5% in November … [Read more...] about Eurozone, EU Industrial Production Growth Fall to Three-Month Low
Index of Consumer Sentiment in Germany Drops the Most in Survey History in March
Source: ZEW The Economic Sentiment for Germany was recorded at minus 39.3 points in the March 2022 survey, down by 93.6 points. The decline was the highest in survey history. DAX is down -0.83%, EURUSD is up +0.50%. The economic situation also worsened, with the corresponding gauge falling by 13.3 points to minus 21.4 points.ZEW President Professor Achim Wambach says the … [Read more...] about Index of Consumer Sentiment in Germany Drops the Most in Survey History in March
China’s Economy Posts Better-Than-Expected Growth in Jan-Feb
Source: National Bureau of Statistics of China China’s economy improved in the first two months of 2022, with main indicators beating analysts’ estimates, but the surge in Omicron cases will weigh on the outlook. CSI 300 Index down -4.57%, CNY USD down -0.25% Industrial output grew 7.5% in January-February from a year ago, the fastest rate since June 2021, and rose from … [Read more...] about China’s Economy Posts Better-Than-Expected Growth in Jan-Feb
