• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Currency Pairs
  • Charts
    • Candlesticks
  • Trading Strategies
    • Day Trading
    • Swing Trading
    • Scalping
  • Technical Analysis
  • Fundamental Analysis

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Welcome
  • Forex Glossary
  • Forex Basics
    • Trading Tips
  • Forex Brokers
    • Best Forex Brokers
    • All Forex Brokers Reviews
  • Forex Robots
    • Best Forex Robots
    • All Forex Robots Reviews
    • All Forex Signals Reviews
  • Forex News
  • Mustreads
  • CONTACT US

US Business Remains Optimistic on Sustained Manufacturing Activity

January 21, 2021 by Forex Winner Leave a Comment

US Business Remains Optimistic on Sustained Manufacturing Activity

About 64% of U.S firms expect growth in the next six months, more than 12% that project declines, according to the Federal Reserve Bank Philadelphia press release. The figures are based on a Manufacturing Business Outlook Survey that showed an increase in general activity, new orders, and shipments for the eighth consecutive month.

US Business Remains Optimistic on Sustained Manufacturing Activity
  • The diffusion index for current activity rose from a revised reading of 9.1 in December to 26.5
  • 40% of firms reported increases in activity this month, compared to 13% experiencing declines.
  • The index for new orders increased 28 points to a reading of 30.0, its highest reading in three months
  • Over 45% of firms reported increases in new orders, with the current shipments index gaining 11 points to 22.7 in January.
  • More firms had increases in manufacturing employment, with the current employment index remaining positive for seven consecutive months, gaining 17 points to 22.5 in January
  • More price increases were reported this month as the prices paid diffusion index increased 21 points to 45.4.
  • Over 69% of firms expect to increase production in the first quarter, while 24% anticipate declines
  • The diffusion index for general activity over the next six months increased 10 points, from a revised level of 43.1 to 52.8 in January.

U.S stocks are currently gaining as the dollar loses. SPY is up 0.16%, QQQ is up 0.67%, EURUSD is up 0.39%

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.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

sixty one − fifty four =

Primary Sidebar

Latest News

Gold Price Retreats Even as Inflation Expectations Soar

Gold Price Retreats Even as Inflation Expectations Soar

March 5, 2021

U.S. Logs 379,000 Additional Jobs in February as Lockdown Restrictions Ease

U.S. Logs 379,000 Additional Jobs in February as Lockdown Restrictions Ease

March 5, 2021

Oil Prices Surge 2% as OPEC+ Extends Output Cuts

Oil Prices Surge 2% as OPEC+ Extends Output Cuts

March 5, 2021

Reviews

IG Group

IG Review

Review by Forex Winner
May 20, 2020

Pepperstone

Pepperstone Review

Review by Forex Winner
May 19, 2020

Darwinex

Darwinex Review

Review by Forex Winner
May 14, 2020

Best Forex Robots

  1. ROFX 10
  2. Forex Fury 7.7
  3. Gump EA 6.4
  4. Forex inControl Reborn 6.0
  5. Forex Robotron 6.0

Best Forex Brokers

  1. IG 9.2
  2. Pepperstone 9.0
  3. AvaTrade 8.8
  4. Forex.com 8.4
  5. Darwinex 8.2

Footer

Latest Forex Brokers

Darwinex

Darwinex Review

May 14, 2020 By Forex Winner

tastyworks

tastyworks

April 28, 2020 By Forex Winner

FxPro

FxPro Review

March 20, 2020 By Forex Winner

Latest forex robots

Forex Pip Shooter

Forex Pip Shooter Review

March 4, 2021 By Forex Winner

FXMath X-Trader

FXMath X-Trader Review

March 4, 2021 By Forex Winner

IProfit EA

IProfit EA Review

March 4, 2021 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive email updates daily and to hear what's going on with us!

Copyright © 2021 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure