U.S. industrial production contracts, consumer sentiment falls

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"The manufacturing sector is clearly softening"
- Guy Berger, an economist at RBS Securities Inc.

U.S. industrial production unexpectedly declined in May, said the Federal Reserve on Friday. Output at factories dropped 0.1 per cent, after increasing 1 per cent in April.

"The manufacturing sector is clearly softening," said Guy Berger, an economist at RBS Securities Inc. in Stamford, Connecticut.

"We need to see more signs that the slowdown in manufacturing abroad is filtering in a big way into the U.S., which to us would start suggesting the slowdown here is a little deeper than we had expected."

Also Friday, the Thomson Reuters / University of Michigan consumer sentiment index declined to 74.1, the lowest reading since December.

"Income losses were reported by nearly one-third of all households in early June and the news reaching consumers about job prospects turned negative for the first time since late 2011," said Richard Curtin, survey director.

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.