Philadelphia Fed index
Philadelphia Fed index
It is the result of the survey of Philadelphian manufacturers about the current economic situation in the country. A value below zero indicates a decrease in the pace of development. Growth of the index leads to the growth of the US dollar quotation. The indicator itself is a weak factor for the Forex market but because of it being published before the NAMP it may hint at the value of this more influential national index. The index is published on the third Thursday of every month at 10:00 EST (New York).
