The Philadelphia Federal Reserve Bank business index represents the Philadelphia manufacturers survey results as for their attitude towards the current national economy situation. The figures below zero demonstrate the national economic development retardation.
The index is published a little bit earlier than the managers index for ISM purchases and may give an idea of the resulting national business index level.
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The index has a significant influence on the markets.
The index growth or the value rise exceeding the forecast can be either positive or negative for the Dollar depending on the existing situation.