Fiper | Empire State Manufacturing Index

The Empire State Manufacturing Index measures the economic health of the manufacturing sector by means of a survey of nearly 200 manufacturers in New York State.
New York's Empire State Index fell 7.6 points to -9.1 in October 2022, compared to market expectations of -4.0 and indicating business activity in New York State declined for the third month in a row. The new orders index was unchanged at 3.7, indicating a slight increase in orders, while the shipments index fell 19.9 points to -0.3, indicating that shipments had stabilized after rising significantly last month. In addition, the index of unfulfilled orders rose 3.8 points to -3.7, still indicating a lower level of unfulfilled orders. Delivery times have stabilized, and stocks are up slightly. Labor market indicators indicated a slight increase in employment and the average working week. Input price increases were picked up, while the pace of sales price increases remained constant. Looking ahead, companies do not expect business conditions to improve over the next six months

Expectations for today's statement and how it affects the currency

The estimate for today's statement is at -6.1%
If the data is released at a higher level than expectations, it will affect the currency positively and vice versa