Empire State Manufacturing Index in 2015
Empire State Manufacturing Index opened 2015 at 13.40 and closed at -5.90, a -144.03% move for the year. The high of 13.40 was reached on January 1, and the low of -14.20 on August 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 13.40 | 13.40 | 13.40 | 13.40 | +0.00% |
| Feb | 10.50 | 10.50 | 10.50 | 10.50 | +0.00% |
| Mar | 4.50 | 4.50 | 4.50 | 4.50 | +0.00% |
| Apr | -0.70 | -0.70 | -0.70 | -0.70 | +0.00% |
| May | 6.20 | 6.20 | 6.20 | 6.20 | +0.00% |
| Jun | -4.20 | -4.20 | -4.20 | -4.20 | +0.00% |
| Jul | 0.10 | 0.10 | 0.10 | 0.10 | +0.00% |
| Aug | -14.20 | -14.20 | -14.20 | -14.20 | +0.00% |
| Sep | -13.80 | -13.80 | -13.80 | -13.80 | +0.00% |
| Oct | -14.00 | -14.00 | -14.00 | -14.00 | +0.00% |
| Nov | -10.00 | -10.00 | -10.00 | -10.00 | +0.00% |
| Dec | -5.90 | -5.90 | -5.90 | -5.90 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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