From the course: Economic Indicators

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Regional monthly manufacturing Fed data

Regional monthly manufacturing Fed data

From the course: Economic Indicators

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Regional monthly manufacturing Fed data

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- Talking about the national economy is all well and good, but you might really wanna know how your region is doing. Fortunately, there are reports that come from branches of the Federal Reserve System that do just that. New York and Philadelphia manufacturing indices have been the most closely watched historically, although other Fed Banks also release indices, including the Dallas Fed, the Richmond Fed, and the Kansas City Fed. It's very normal for companies that have operations in these regions to see their stock prices move on these reports. And sometimes, the entire US equity and bond markets can move on these reports, as well. First off, I need to clarify something. Manufacturing is a relatively small part of the US economy, just a little more than 10%. But it's a capital-intense industry, and it has historically led economic growth in the United States. This is why even though the US economy is clearly a service sector economy, these reports, which are focused on manufacturing,…

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