FX.co ★ 5th District Manufacturing Decline Slows

The composite manufacturing index for the US Fifth District saw a slight improvement in May 2025, rising to -9 from -13 in the previous month, in line with market forecasts. This outcome aligns with other key US economic indicators, following the country's decision to retract its aggressive tariffs on major trading partners, which had driven the index to a five-month low the month before. Although shipments fell at a reduced rate (-10 compared to -17 in April), the outlook for shipment levels turned positive, registering at 2 versus the previous month's 0.20. Meanwhile, new orders continued to decline (-14 compared to 0.15), but the outlook has nearly stabilized at -3 compared to 0.26.