The New York Empire State Manufacturing Index shot up twenty-six points to 43.0 in July of 2021, the highest on record and well above market expectations of 18. New orders (33.2 vs 16.3) and shipments (43.8 vs 14.2) increased robustly. Delivery times continued to lengthen substantially (20.2 vs 29.8), and inventories expanded (16.2 vs -2.6). Employment grew strongly (20.6 vs 12.3), and the average workweek increased (14 vs 15.1). Input prices continued to increase sharply, and selling prices rose at the fastest pace on record. Looking ahead, firms remained optimistic that conditions would improve over the next six months, with the index for future employment reaching another record high. source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States averaged 8.24 points from 2001 until 2021, 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 July of 2021.

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. 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.

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United States NY Empire State Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
43.00 17.40 43.00 -78.20 2001 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 12:30 PM Apr 26.3 17.4 19.5 17
2021-05-17 12:30 PM May 24.3 26.3 23.9 25
2021-06-15 12:30 PM Jun 17.4 24.3 23 23
2021-07-15 12:30 PM Jul 43 17.4 18 18
2021-08-16 12:30 PM Aug 43 49
2021-09-15 12:30 PM Sep
2021-10-15 12:30 PM Oct
2021-11-15 01:30 PM Nov


News Stream
NY Business Activity Grows at a Record-Setting Pace
The New York Empire State Manufacturing Index shot up twenty-six points to 43.0 in July of 2021, the highest on record and well above market expectations of 18. New orders (33.2 vs 16.3) and shipments (43.8 vs 14.2) increased robustly. Delivery times continued to lengthen substantially (20.2 vs 29.8), and inventories expanded (16.2 vs -2.6). Employment grew strongly (20.6 vs 12.3), and the average workweek increased (14 vs 15.1). Input prices continued to increase sharply, and selling prices rose at the fastest pace on record. Looking ahead, firms remained optimistic that conditions would improve over the next six months, with the index for future employment reaching another record high.
2021-07-15
New York State Manufacturing Growth Misses Forecasts
The New York Empire State Manufacturing Index fell seven points to 17.4 in June of 2021, below market expectations of 23. New orders (16.3 vs 28.9) and shipments (14.2 vs 29.7) increased moderately, and there was a rise in unfilled orders (7.9 vs 21.4). Delivery times lengthened at a record-setting pace (29.8 vs 23.6), and inventories edged lower (-2.6 vs 7.1). Employment levels (12.3 vs 13.6) and the average workweek (15.1 vs 18.7) continued to grow modestly, and both input prices (79.8 vs 83.5) and selling prices (33.3 vs 37.1) continued to rise sharply. Looking ahead, firms remained optimistic that conditions would improve over the next six months, with the index for future employment reaching a record high.
2021-06-15
NY Business Growth Remains Robust
The New York Empire State Manufacturing Index edged down to 24.3 in May of 2021 from an over 3-year high of 26.3 reported in April of 2021 and compared to market forecasts of 23.9. Still, the reading pointed to a solid business activity growth in the New York State, as new orders (28.6 vs 26.9 in April) and shipments (29.7 vs 25) continued to expand strongly, and unfilled orders increased (21.4 vs 21.2). Delivery times strengthened significantly (23.6 vs 28.1), and inventories moved somewhat higher (7.1 vs 11.6). Employment levels grew modestly (13.6 vs 13.9), and the average workweek increased (18.7 vs 12.7). Both input prices (83.5 vs 74.7) and selling prices (37.1 vs 34.9) rose at a record-setting pace. Looking ahead, firms remained optimistic that conditions would improve over the next six months, and expected significant increases in employment and prices.
2021-05-17
NY Business Growth at Over 3-Year High
The New York Empire State Manufacturing Index rose to 26.3 in April of 2021 from 17.4 in March, beating market forecasts of 19.5. The reading pointed to the strongest growth in business activity in New York since October 2017, signalling the manufacturing sector likely continued to be a source of growth in Q2. New orders (26.9 vs 9.1) and shipments (25 vs 21.1) grew at a solid clip, and unfilled orders increased (21.2 vs 4). Delivery times were the longest on record (28.1 vs 11.4), and inventories were notably higher (11.6 vs 8.1). Employment levels (13.9 vs 9.4) and the average workweek (12.7 vs 10.9) both expanded modestly. Input prices rose at the fastest pace since 2008 (74.7 vs 64.4), and selling prices climbed at a record-setting pace (34.9 vs 24.2). Looking ahead, firms remained optimistic that conditions would improve over the next six months (39.8 vs 36.4), expecting significant increases in employment and prices.
2021-04-15

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. .