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Index Indicating Manufacturing Sentiment in New York State

Country:
USDUnited States
Importance:
★★
Data Trends
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ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About Index Indicating Manufacturing Sentiment in New York State

The New York Fed Manufacturing Index is an indicator used to assess economic activity in the manufacturing sector of New York State. This data is published monthly by the Federal Reserve Bank of New York and is derived from a survey conducted among manufacturing purchasing managers.

The index uses zero as a baseline, indicating expansion in the manufacturing sector when it is above zero and contraction when it is below. The New York Fed Manufacturing Index includes key components such as new orders, shipments, employment, and inventories, and serves as a leading indicator for the state's economy.

This data provides essential information for policymakers to assess regional economic trends and to formulate appropriate economic policies. It also serves as a vital resource for businesses and investors to understand regional economic trends and to forecast economic prospects.

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