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US manufacturing activity is at its highest level in a year and the dollar continues to rise
image 23 May، 2023
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 The PMI’s manufacturing PMI in the United States, released a moment ago, rose to a 13-month high of 55.1 in May compared to 53.6 in April, exceeding expectations that indicated an increase to 52.6. On the other hand, the services index fell to 48.5 from 50.2 in April, its lowest level in three months, while expectations were for an increase of 50 points.

On the other hand, the manufacturing index fell in the latest survey of the Federal Reserve in Richmond to -15 in May, compared to -10 in April, while expectations were for a decrease by 8 – as the shipments index fell from -7 to 13 – while the new orders index fell to -29, while it rose Employment index to 5 points.

New Home Sales in the United States increased by 683 thousand units in April, according to the US Census Bureau, up by 4.1%, or 656 thousand units in March.

And the general index of the US dollar continues to rise for the second consecutive session, with gains of 0.31%, trading at 103.40 levels, with the opening of the US markets, after the market expectations regarding the US interest rate hike in June returned to rise to more than 20% after strict statements from some members of the US Federal Reserve.

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