US: Empire State survey point towards manufacturing strength – Nomura

Analysts at Nomura explain that the US Empire State manufacturing survey in May, the first manufacturing survey for the month, indicated that its headline index increased 4.3pp to 20.1, above expectations (Nomura: 14.0, Consensus: 15.0). Key Quotes “The strength in the May report was broad-based and indicated steady near-term momentum in the manufacturing sector. The […]

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