empty

InstaForex - Official partner of Dragon Racing

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Account Opening

See also

Trading Conditions

Forex Analytics

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

Open Demo Account

Trading Platform

How to start trading

Video Tutorials

Contests by InstaForex

Useful information

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Advantages for Affiliates

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

We are in social networks

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

InstaForex Stars

InstaForex Offline

Social Responsibility

InstaForex Loprais Team - Official participant of the Dakar rally

2021.05.1713:51:00UTC+00New York Manufacturing Index Pulls Back Modestly But Still Indicates Growth

After jumping to a more than three-year high in the previous month, the New York Federal Reserve's index of regional manufacturing activity showed a modest pullback in the month of May.

The New York Fed released a report on Monday showing its general business conditions index dipped to 24.3 in May from 26.3 in April, although a positive reading still indicates growth in regional manufacturing activity.

Economists had expected the index to slip to 23.9 after reaching its highest level since October of 2017 in the previous month.

The modest decrease by the headline index came even though the new orders rose to 28.9 in May from 26.9 in April and the shipments index climbed to 29.7 in May from 25.0 in April.

Meanwhile, the New York Fed said the number of employees index edged down to 13.6 in May from 13.9 in the previous month.

The inventories index also slid to 7.1 in May from 11.6 in April, although the positive reading still indicates inventories moved somewhat higher.

The report also showed the prices price index advanced to 83.5 in May from 74.7 in April, while the prices received index rose to 37.1 in May from 34.9 in April.

Looking ahead, the New York Fed said firms remained optimistic that conditions would improve over the next six months.

The index for future business conditions fell to 36.6 in May from 39.8 in April but continues to indicate optimism, with firms expecting significant increases in employment and prices.

"Healthy goods demand, rising business investment, reviving global activity, and fiscal stimulus will keep US manufacturing advancing at a solid clip through the rest of 2021," predicted Oren Klachkin, Lead U.S. Economist at Oxford Economics.

On Thursday, the Philadelphia Federal Reserve is scheduled to release its report on regional manufacturing activity in the month of May.

The Philly Fed Index is expected to pull back to 43.0 in May after reaching a nearly 50-year high of 50.2 in April.

Back to news list