Federal Reserve (latest release)

Measures Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;

Usual Effect Actual > Forecast = Good for currency;

Frequency Released monthly, about 16 days after the month ends;

Why Traders Care It’s a leading indicator of economic health – production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings;

Also Called Factory Output;