The New York Empire State Manufacturing Index sank to -31.3 in August of 2022, the lowest reading since May of 2020 and the second largest monthly decline in the index on record (11.1 in July). Business activity declined sharply in the New York State, as new orders (-29.6 vs +6.2) and shipments (-24.1 vs 25.3) plunged, and unfilled orders declined further (-12.7 vs -5.2). Meanwhile, delivery times held steady for the first time in nearly two years (-0.9 vs 8.7) and inventories edged higher (6.4 vs 14.8). Labor market indicators pointed to a small increase in employment (7.4 vs 18), but a decline in the average workweek (-13.1 vs 4.3). On the price front, prices paid slowed (55.5 vs 64.3) and the prices received index held steady (32.7 vs 31.3). Looking ahead, firms did not expect much improvement in business conditions over the next six months (2.1 vs -6.2). source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States averaged 8.28 points from 2001 until 2022, reaching an all time high of 43 points in July of 2021 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 August of 2022.

NY Empire State Manufacturing Index in the United States is expected to be 12.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States NY Empire State Manufacturing Index is projected to trend around 6.00 points in 2023 and 4.00 points in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United States NY Empire State Manufacturing Index



Calendar GMT Actual Previous Consensus TEForecast
2022-07-15 12:30 PM Jul 11.1 -1.2 -2 -0.5
2022-08-15 12:30 PM Aug -31.3 11.1 5 8
2022-09-15 12:30 PM Sep -31.3


Related Last Previous Unit Reference
NY Empire State Manufacturing Index -31.30 11.10 points Aug 2022
NY Empire State Shipments Index -24.10 25.30 points Aug 2022
NY Empire State Prices Paid Index 55.50 64.30 points Aug 2022
NY Empire State New Orders Index -29.60 6.20 points Aug 2022
NY Empire State Employment Index 7.40 18.00 points Aug 2022

United States NY Empire State Manufacturing Index
New York Empire State Manufacturing Index is based on data compiled from the survey of 200 executives from the companies in the manufacturing sector in the New York State. Participants report the change in 11 indicators including level of general business activity, new orders, shipments, inventories, number of employees, delivery time, capital expenditure from the previous month and the likely direction of these indicators in six months. A reading above 0 indicates manufacturing activity is expanding, below 0 is contracting.
Actual Previous Highest Lowest Dates Unit Frequency
-31.30 11.10 43.00 -78.20 2001 - 2022 points Monthly
SA

News Stream
Business Activity in NY Falls at Nearly Record Pace
The New York Empire State Manufacturing Index sank to -31.3 in August of 2022, the lowest reading since May of 2020 and the second largest monthly decline in the index on record (11.1 in July). Business activity declined sharply in the New York State, as new orders (-29.6 vs +6.2) and shipments (-24.1 vs 25.3) plunged, and unfilled orders declined further (-12.7 vs -5.2). Meanwhile, delivery times held steady for the first time in nearly two years (-0.9 vs 8.7) and inventories edged higher (6.4 vs 14.8). Labor market indicators pointed to a small increase in employment (7.4 vs 18), but a decline in the average workweek (-13.1 vs 4.3). On the price front, prices paid slowed (55.5 vs 64.3) and the prices received index held steady (32.7 vs 31.3). Looking ahead, firms did not expect much improvement in business conditions over the next six months (2.1 vs -6.2).
2022-08-15
NY Business Activity Beats Forecasts
The New York Empire State Manufacturing Index rose to 11.1 in July of 2022 from -1.2 in June, the highest in three months and beating market expectations of -2. New orders increased marginally, and shipments expanded significantly. Unfilled orders edged lower for a second consecutive month. Delivery times lengthened at the slowest pace in months, and inventories picked up. Labor market indicators pointed to a solid increase in employment and a slightly longer average workweek. While still elevated, both the prices paid and prices received indexes moved significantly lower, pointing to a deceleration in price increases. Firms turned pessimistic about the six-month outlook, a rare occurrence in the survey’s history.
2022-07-15
NY Business Activity Below Forecasts
The New York Empire State Manufacturing Index rose to -1.2 in June of 2022 from -11.6 in May, missing market forecasts of 3. New orders and shipments edged slightly higher, and unfilled orders declined for the first time in over a year. Delivery times lengthened at a slower pace than in recent months, and inventories grew significantly. Labor market indicators pointed to a solid increase in employment and a longer average workweek. The prices paid index moved higher, and the prices received index edged lower, but both remained elevated. Looking ahead, optimism about the six-month outlook remained muted.
2022-06-15