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.
New York's Empire State index unexpectedly jumped to 10.8 in April of 2023 from -24.6 in March, beating market expectations of -18. The reading indicated New York State's first manufacturing increase in five months and the strongest since July of last year. The new orders index rebounded to a one-year high of 25.1 from -21.7, price pressures eased (33 vs. 41.9) and employment contracted less, although it marked the third straight month of decline (-8 vs. -10.1). Looking ahead, companies expect business conditions to improve over the next six months (6.6 vs. 2.9), with capex and employment metrics also rising.

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

The estimate for today's statement is at the level of -3.7%.
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 three thirty in the evening, Mecca Al-Mukarramah time