The New York Empire State Manufacturing Index jumped to 12.1 in February of 2021 from 3.5 in January, beating market forecasts of 6. It is the highest reading in 5 months, as new orders increased (10.8 vs 6.6), and shipments edged higher (4 vs 7.3). Also, delivery times lengthened (9.1 vs 5.5) and inventories grew (6.5 vs -0.7). Employment levels (12.1 vs 11.2) and the average workweek (9 vs 6.3) both increased. Input prices rose at the fastest clip in nearly a decade (57.8 vs 45.5), and selling prices increased significantly (23.4 vs 15.2). Looking ahead, firms remained optimistic that conditions would improve over the next six months (34.9 vs 31.9) and capital spending plans expanded noticeably. source: Federal Reserve Bank of New York
NY Empire State Manufacturing Index in the United States averaged 7.87 points from 2001 until 2021, reaching an all time high of 39 points in April of 2004 and a record low of -78.20 points in April of 2020. This page provides the latest reported value for - United States NY Empire State Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States NY Empire State Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
NY Empire State Manufacturing Index in the United States is expected to be 8.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate NY Empire State Manufacturing Index in the United States to stand at 4.00 in 12 months time. In the long-term, the United States NY Empire State Manufacturing Index is projected to trend around 4.00 points in 2022, according to our econometric models.