正如预期的那样，美国第五区的综合制造业指数从3月份的-11上升到4月份的-7。出货量（-10比3月的-14）和新订单（-9比-17）增加，而就业率下降（-2比0）。公司继续报告4月份积压和供应商交付周期下降，因为这些指数有所上升，但仍为负值。产能利用率指数从-21升至-5。此外，企业对当地商业状况更为乐观（6比1）。支付价格的平均增长率 4月份有所下降，而收到的价格平均增长率略有上升。展望未来，随着未来出货量和新订单指数的显著上升，未来当地商业状况有所改善（16比12），这表明公司预计未来六个月这些领域会有所改善。

The composite manufacturing index in the US Fifth District area increased to -7 in April from -11 in March, as expected. Shipments (-10 vs -14 in March) and new orders (-9 vs -17) increased while employment fell (-2 vs 0). Firms continued to report declining backlogs and vendor lead times in April, as those indexes increased but remained negative. The capacity utilization index rose to -5 from -21. Also, firms were more optimistic about local business conditions (6 vs-1). The average growth rate of prices paid decreased in April, while the average growth rate of prices received edged up slightly. Looking ahead, future local business conditions rose (16 vs 12), as the future indexes for shipments and new orders rose notably, suggesting that firms expect improvements in these areas over the next six months.

美国第五地区服务业活动调查的收入指数较上月下降5点，至2024年4月的-13点，表明该行业连续第三次下降。这一下降与当地商业状况指标中反映的持续悲观情绪一致（3月份为-6比-8），促使企业继续削减支出（-7比-12）。另一方面，服务需求从上个月的下降（9对-9）中反弹，支撑了对未来收入预期（24对17）和新服务需求（24对14）的高度乐观。在价格方面，尽管支付的价格有所加快（6.1比5.4），但产出费用有所放缓（3.6比4.3）。

The US Fifth District Survey of Service Sector Activity’s revenues index fell by 5 points from the earlier month to -13 in April of 2024, pointing to the third consecutive decline in the sector. The drop was consistent with persistent pessimism reflected in the local business conditions gauge (-6 vs -8 in March), driving firms to continue pulling the brakes on expenditure (-7 vs -12). On the other hand, demand for services notched a rebound from last month’s decline (9 vs -9), underpinning high levels of optimism for future expectations of revenues (24 vs 17) and demand for new services (24 vs 14). On the price front, output charges slowed (3.6 vs 4.3), despite of an acceleration in prices paid (6.1 vs 5.4).

2024年3月，美国新的独栋房屋销售额环比飙升8.8%，经季节性调整后的年化率为693万套，为六个月来的最高水平，并从2月份修正后的5.1%的下降中反弹。相比之下，市场预测为66.8万，尽管抵押贷款利率上升，但需求依然强劲。东北部（27.8%，年化率为46K）、西部（8.6%，达到177K）、南部（7.7%，达到391K）和中西部（5.3%，达到79K）的销售额猛增。在此期间，新房销售的中间价格为430700美元，而平均销售价格为524800美元。与此同时，在此期间，共有47.7万套新房挂牌出售，按最新销售速度计算，供应量约为8.3个月。

Sales of new single-family houses in the United States soared 8.8% month-over-month to a seasonally adjusted annualized rate of 693K in March 2024, the highest level in six months, and rebounding from an upwardly revised 5.1% drop in February. It compares with market forecasts of 668K, with demand remaining robust despite elevated mortgage rates. Sales jumped in the Northeast (27.8% to an annualized rate of 46K), the West (8.6% to 177K), the South (7.7% to 391K) and the Midwest (5.3% to 79K). The median price of new houses sold in the period was $430,700, while the average sales price was $524,800. Meanwhile, there were 477K new homes listed for sale during the period, representing about 8.3 months of supply at the latest sales rate.

美元指数周二跌至105.7以下，此前数据显示美国制造业和服务业放缓，提振了对降息的预期。标普全球的数据显示，美国私营部门仅出现轻微增长，为去年12月以来最弱。制造业和服务业的活动都有所放缓，增长率分别降至三个月和五个月低点。尽管如此，大多数投资者预计今年只会降息两次，借贷成本将在9月份首次下降。投资者现在正在等待周四的美国GDP数据和周五的美联储PCE价格指数报告，以获得更多见解。

The dollar index dropped below 105.7 on Tuesday after data showing a slowdown in US manufacturing and services sectors boosted expectations for interest rate cuts. The US private sector saw only slight growth, the weakest since December, according to S&P Global. Both manufacturing and services sectors experienced slower activity with growth rates hitting three- and five-month lows. Still, most investors anticipate only two rate cuts this year with the first drop in borrowing costs coming in September. Investors are now waiting for US GDP data on Thursday and the Fed's PCE price index report on Friday for additional insights.