Empire State Manufacturing Survey – United States

Survey assessing business conditions and expectations of manufacturing executives in New York . Though the survey is relatively new and New York has a considerably small number of manufacturers, the report has shown a promising correlation to the Philadelphia Fed Index and the market moving ISM Manufacturing Survey. Thus Empire serves as a useful earlier indicator of overall manufacturing in the US .Results are calculated as the difference between percentage of positive and negative scores; zero acts as the breakeven point. A high figure is bullish for the dollar, indicating positive business sentiment conducive to growth in production. A low or negative number signals poor business conditions.Relevance: Tends to move markets on release
Release schedule : Monthly, 8:30 AM (EST); approximately 15 days following the reporting month’s end
Revisions schedule : Slight month to month revisions
Source of report : Federal Reserve Bank of New York
Web Address : www.ny.frb.org
Address of release :
www.ny.frb.org/research/regional_economy/empiresurvey_overview.html
AKA : NY Empire State Manufacturing Survey, ESMS

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