Back
15 May 2015
US empire statement manufacturing survey expected to be strong – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team previews the key data releases ahead in the US, expecting the May Empire State Manufacturing Survey to print a stronger number, Industrial production to remain flat, and Consumer confidence to have stabilized in May.
Key Quotes
“Today the May Empire State Manufacturing survey will be reported. April's -1.2 reading was the weakest since December. New orders showed the biggest decline since January 2013. Employment deteriorated, while inventories increased. A stronger report is expected for May.”
“Separately, April industrial production is expected to be flat after a 0.6% decline in March. Industrial output has fallen in three of the past four months. This is partly a function of the energy sector and utilities. Manufacturing itself snapped a three-month steak of no gains with a 0.1% rise in March. A 0.2% gain is expected in April.”
“University of Michigan's preliminary May consumer confidence will also be reported. Sentiment remained at elevated levels in April and is expected to have stabilized in May.”
“The inflation expectations may draw some interested after softening in April. The Fed has recently put more emphasis on the survey results than the market-based measures of inflation expectations.”
Key Quotes
“Today the May Empire State Manufacturing survey will be reported. April's -1.2 reading was the weakest since December. New orders showed the biggest decline since January 2013. Employment deteriorated, while inventories increased. A stronger report is expected for May.”
“Separately, April industrial production is expected to be flat after a 0.6% decline in March. Industrial output has fallen in three of the past four months. This is partly a function of the energy sector and utilities. Manufacturing itself snapped a three-month steak of no gains with a 0.1% rise in March. A 0.2% gain is expected in April.”
“University of Michigan's preliminary May consumer confidence will also be reported. Sentiment remained at elevated levels in April and is expected to have stabilized in May.”
“The inflation expectations may draw some interested after softening in April. The Fed has recently put more emphasis on the survey results than the market-based measures of inflation expectations.”