Empire State Manufacturing Index

The Empire State Manufacturing Index measures the economic health of the manufacturing sector based on a survey of nearly 200 manufacturers in New York State.
The Empire State New York index rose 13.6 points to 4.5 in November 2022, compared with market expectations of -5.0 and marking the first month of improvement in business activity for New York state since July. New orders decreased slightly, while shipments expanded modestly. Delivery times have changed slightly, and stocks have grown significantly. Labor market indicators indicated a strong increase in employment and a longer average work week. On the price front, input prices rose at about the same pace as last month, while selling costs rose at a faster pace. Looking ahead, companies expect business conditions to worsen over the next six months

Outlook for today's statement and how it will affect the currency

The estimate for today's statement is at -1.1%.
In the event that data is issued at a level higher than expectations, it affects the currency positively, and vice versa

The timing of the statement

This statement will be issued at exactly four thirty in the evening, Mecca Al-Mukarramah time