Empire State Manufacturing Index

Measures Level of a diffusion index based on surveyed manufacturers in New York state;
Usual Effect Actual > Forecast = Good for currency;
FF Notes Above 0.0 indicates improving conditions, below indicates worsening conditions. Source first released in Apr 2002;
Why Traders
Care
It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;
Derived Via Survey of about 200 manufacturers in New York state which asks respondents to rate the relative level of general business conditions;
Also Called New York Manufacturing Index;

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