Forex Dictionary

Empire State Manufacturing Index

Empire State Manufacturing Index

Measures level of a diffusion index based on surveyed manufacturers in New York state. Usual Effect: If the actual figures are greater than the forecasted figures, it is good for the currency. The Empire State Manufacturing Index is a leading indicator of economic health. Businesses tend to react quickly to market conditions. Changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment. This index is derived via survey of about 200 manufacturers in New York state which asks respondents to rate the relative level of general business conditions. It gets released monthly, around the middle of the month.