Empire Fed July manufacturing index +1.1 vs -4.3 expected

<ul><li>Prior was +6.6</li></ul><p>Details</p><ul><li>New orders +3.3 versus +3.1 last month</li><li>Shipments +13.4 versus +22.0 last month</li><li>
Prices paid +16.7 versus +22.0 last month
</li><li>Employment +4.7 versus -3.6 last month
</li><li>prices received +3.9 versus +9.0 last month
</li><li>Inventories -4.9 versus -6.0 last month</li><li>Six month outlook +14.3 vs +18.9 last month</li></ul><p>This is a good report, with a slight beat on the headline and a continued fall in the prices paid component. The index for future business conditions
edged down to 14.3, indicating that
while conditions are expected to
improve, optimism remained subdued.</p>

This article was written by Adam Button at www.forexlive.com.