METI (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 45 days after the month ends;

The ‘Previous’ listed is the ‘Actual’ from the Preliminary release and therefore the ‘History’ data will appear unconnected. There are 2 versions of this indicator released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact;

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;