The New York Empire State Manufacturing Index jumped to 30.9 in November of 2021 from 19.8 in October, beating forecasts of 21.2, pointing to a strong growth in business activity in the New York State. New orders (28.8 vs 24.3 in October) and shipments (28.2 vs 8.9) posted substantial increases, and unfilled orders rose (12.7 vs 18.5). Delivery times were significantly longer (32.2 vs 38). Employment grew at its fastest pace on record (26 vs 17.1) and the average workweek increased (23.1 vs 15.3). The prices paid index held near its record high (83 vs 78.7) and the prices received index reached a new peak (50.8 vs 43.5). Firms planned significant increases in capital and technology spending. Looking ahead, firms remained optimistic that conditions would improve over the next six months, though optimism dipped (36.9 vs 52). source: Federal Reserve Bank of New York
NY Empire State Manufacturing Index in the United States averaged 8.52 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 December of 2021.
NY Empire State Manufacturing Index in the United States is expected to be 31.50 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 2022 and 4.00 points in 2023, according to our econometric models.