"ISM New York Index is one of the indicators released by the Institute of Purchasing and Supply Management (ISM) to measure the activity level of manufacturing and non-manufacturing in the New York area. The index is based on a survey of corporate purchasing managers and covers employment , orders, delivery time, inventory, price, import and export, etc. The ISM New York Index is one of the regional PMI indexes in the United States, and it is one of the important reference indicators for the market to understand the economic situation and make investment decisions.

The calculation method of the ISM New York Index is obtained through comprehensive calculation of the survey results, and the results are presented in the form of an index. When the ISM New York index exceeds 50, it indicates that the manufacturing and non-manufacturing industries are in a state of expansion, whereas when the index is below 50, it indicates that the manufacturing and non-manufacturing industries are in a state of contraction. In addition, when the index reaches 50, it may also indicate that the economy is stagnating, that is, growing at a slower rate.

Changes in the ISM New York Index have important implications for the economy. When the ISM New York index rises, it indicates that manufacturing and non-manufacturing production and orders have increased, and business demand has increased, which may lead to increased employment and thus economic growth. And when the ISM New York index declines, it indicates that manufacturing and non-manufacturing production and orders have declined, and business demand has declined, which may bring downward pressure on the economy.

In practice, the ISM New York Index is often used together with other economic indicators for a more complete understanding of the economy. For example, if the ISM New York index falls while unemployment rises and inflation falls, it may indicate that the economy is in a downturn, while if the ISM New York index rises while consumer confidence rises, it may indicate that the economy is in a recovery phase.

In short, the ISM New York Index is one of the important indicators to understand the US economic situation, and can provide useful reference information for investors, companies and policy makers. "