The index determines the economic well-being of the manufacturing sector in the Philadelphia area. The data are taken from a survey of about 250 manufacturers of the Federal District of Philadelphia and are used to predict US ISM. The data above the forecast strengthen the USD, and the data below the forecast put pressure on the national currency. It is expected that the index will decrease from 13.7 to 10.4 points.
Read more here:
Latest posts by liteforex.com (see all)
- ECB Publishes Account of Monetary Policy Meeting. EU, 13:30 (GMT+2) - May 23, 2019
- Ifo Business Climate Index. Germany, 10:00 (GMT+2) - May 23, 2019
- FOMC Meeting Minutes. United States 20:00 (GMT+2) - May 22, 2019