Forex Analysis

Индикатор активности в производстве. Аналог Manufacturing PMI. Показывает улучшение (>50) или ухудшение (<50) ситуации в сравнении с предыдущим месяцем. Рост показателя либо превышение прогноза благоприятны для валюты.

Capacity Utilization measures the extent to which US manufacturing companies make use of their installed productive capacity (factories and machinery). Capacity Utilization reflects overall growth and demand in the economy, rising when the economy is vibrant, and falling when demand softens. High capacity utilization also exerts inflationary pressures as scarce resources are in higher demand. However, it may also lead to new capital investments, such as new plants, that promote growth in the future.

Measures changes in the volume of output produced by the manufacturing, mining, and utility sectors in the USA. Because industrial production is a measure of output volume rather than dollar value, the figure is not distorted by inflation and is considered a more "pure" indicator for US industry. Though industrial production only accounts for a relatively small portion of the GDP, it accounts for most of the volatility in GDP and is considered highly sensitive to changes in interest rate and consumer demand. Therefore understanding trends in this figure are important to forecasting the GDP. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The figure varies significantly month to month due to the fact that seasonal and weather related factors often alter factory production and utility demand. Because of this volatility, the report has limited market impact.

The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.

Assesses consumer confidence regarding personal finances, business conditions and purchasing power based on hundreds of telephone surveys. Especially valued for its quick turnaround, the University of Michigan Confidence survey is considered one of the foremost indicators of US consumer sentiment. The survey polls a smaller sample of consumers and is less established than the Conference Board Consumer Confidence Index.

Declining consumer confidence levels usually accompany any fall income or wages and precede drops in consumer spending. A low or falling sentiment value is considered an early indicator of an economic downturn. As a result, investors, retailers and traders alike all watch the figure for insight into the general health of the economy. The University of Michigan figures have recently preceded turning in overall GDP.

The headline figure is calculated by subtracting the percentage of unfavorable replies from the percentage of favorable replies.