US: Empire Manufacturing Index falls more than expected in October to 10.5

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The survey on activity in the manufacturing sector of the New York region, registered a decline from 17 to 10.5 in October, a figure that was below expectations that were for a reading of 15.

He index of new orders rose from 7.1 to 12.3, that of shipments from 14.1 to 17.8, that of Number of employees from 2.6 to 7.2 and the manufacturer from 3.7 to 17.0

At the same time, there was a rise in the initial requests for unemployment benefits. The dollar remained strong in most of the market crosses, as stocks extended the bearish run.

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Credits: Forex Street

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