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US Empire State manufacturing dropped to 10.5, but Philly Fed survey surged to 32.3

ActionForex
By ActionForex

US Empire State Manufacturing index dropped to 10.5 in October, down from 17.0, missed expectation of 16.5. Six months ahead expectation also dropped -7.5 to 32.8.

Philly Fed Manufacturing index, on the other hand, rose sharply to 32.3, up form 15.0, well above expectation of 15.5. it’s the fifth consecutive positive reading after reaching long-term lows in April and May.

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