The monthly survey of manufacturers in New York State conducted by the Federal Reserve Bank of New York. Survey assessing business conditions and expectations of manufacturing executives in New York . Though the survey is relatively new and New York has a considerably small number of manufacturers, the report has shown a promising correlation to the Philadelphia Fed Index and the market moving ISM Manufacturing Survey. Thus Empire serves as a useful earlier indicator of overall manufacturing in the US . Results are calculated as the difference between percentage of positive and negative scores; zero acts as the breakeven point. A high figure is bullish for the dollar, indicating positive business sentiment conducive to growth in production. A low or negative number signals poor business conditions.
Trading Radar for 03/15: Ross Stores (ROST), Dole Food (DOLE), Harvest Natural (HNR), Marriott Vacations (VAC) Report