The NY Empire State Index fell to -9.4% in June, and was expected to decrease to -4.8% following a reported -4.6% reading in May.In this survey, 28% of respondents claim general business conditions have improved, higher than last month with only 23% of surveys showing the same assessment; however, the index fell as a consequence as perceptions of conditions worsening increased to 38% of surveys from 28% last month.Prices are continuing to fall, but at a diminished pace.The future general business conditions index (6 month outlook) advanced 4 points, to 47.8, the highest level in nearly two years
Net Foreign Purchases for April decreased to $11.2 billion, following a March increase to $55.8 billion from $22 billion in February.Net foreign purchases of long-term U.S. securities were $34.3 billion, $18.3 billion of which were from private foreign investors purchasing more U.S equities, and $16 billion purchased by foreign official institutions which have purchased larger volumes of Treasury Bonds and Notes in April.U.S. residents purchased a net $23 billion of long-term foreign securities.
Upcoming Releases
Producer Price Index (06/16 at 8:30 AM EST)
Industrial Production (06/16 at 9:15 AM EST)
Consumer Price Index (06/17 at 8:30 AM EST)
Current Account (06/17 at 8:30 AM EST)
