Time: 11:30 pm GMT, Morocco time: 12:30 hours, Egypt time: 2:30 hours, Saudi time: 3:30 hours, UAE time: 4:30 hours
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What is meant by the Empire State Index in the United States of America?
The Empire State Index is an important economic indicator that measures the health of the manufacturing sector in the New York area. The Empire State Index is calculated by surveying purchasing managers of manufacturing companies in the New York area, and includes, among other things, raw material prices, production, orders, employment, and shipments. The reading is estimated based on the level of change in these items.
The Empire State Index is used as an early indicator of the performance of the national economy, as it reflects the activity of the manufacturing sector in the New York region, which is one of the largest industrial cities in the world. The data is analyzed using data analysis and statistics techniques.
If the release of the Empire State Index is lower than expected, this indicates a decline in the manufacturing sector in the New York region, and thus could lead to a decline in confidence in the US economy in general. This is a negative signal for investors and financial markets, and could lead to lower stocks and worse economic performance.
How does the Empire State Index in the USA affect the trading of the US dollar in the forex market?
The Empire State Index is an economic indicator that measures the health of the manufacturing sector in the New York area and is an important indicator of the performance of the US economy. This indicator directly affects the trading of the US dollar in the forex market.
If the Empire State Index shows strong growth in the manufacturing sector, it is expected to increase the demand for the US dollar and its appreciation against other currencies in the forex market. This reflects the improvement of economic conditions in the United States and the increase in confidence in the US economy, which makes the US dollar the most attractive option for investors.
On the other hand, if the Empire State Index is lower than expected, it could lead to a decline in the value of the US dollar against other currencies in the forex market. This decline reflects the deteriorating economic conditions in the United States and the decline in confidence in the American economy, which makes the US dollar less attractive to investors.
The authority responsible for issuing the Empire State Index in the United States of America
The Empire State Index is produced and calculated by The New York City Economic Research Institute. The data is analyzed using data analysis and statistics techniques to measure the level of change in raw material prices, production, orders, employment and shipment volume.
The New York City Institute for Economic Research is an independent research institution dedicated to improving understanding of the markets and economics of the New York area and throughout the world. The institute includes a team of analysts and economists specialized in areas such as trade, industry, finance, labor and housing.
The release date of the Empire State Index in the United States of America
It is released monthly around the middle of the current month
Next release
May 15, 2024
