The NY Empire State Manufacturing Index fell to 7.1 in February 2026 from 7.7 in January, compared to forecasts of 7. Still, the reading showed that manufacturing activity continued to expand modestly in New York State and firms remained optimistic that conditions would continue to improve, with employment expected to grow. New orders increased (5.8 vs 6.6), while shipments held steady (-1 vs 16.3). Unfilled orders rose (9.1 vs -8.2) and delivery times were slightly longer (4 vs 0). Inventories increased somewhat (7.1 vs -2.1), while supply availability held steady (-1 vs -4.1). Employment (4 vs -9) and the average workweek (2.1 vs -5.4) increased slightly after falling last month. The pace of input price increases (49.1 vs 42.8) and selling price increases (22.2 vs 14.4) picked up. Capital spending plans strengthened (18.2 vs 10.3). source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States decreased to 7.10 points in February from 7.70 points in January of 2026. NY Empire State Manufacturing Index in the United States averaged 6.29 points from 2001 until 2026, reaching an all time high of 39.00 points in April of 2004 and a record low of -80.00 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 February of 2026.

NY Empire State Manufacturing Index in the United States decreased to 7.10 points in February from 7.70 points in January of 2026. NY Empire State Manufacturing Index in the United States is expected to be -1.00 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 3.50 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-15 01:30 PM
NY Empire State Manufacturing Index
Jan 7.70 -3.70 1 1
2026-02-17 01:30 PM
NY Empire State Manufacturing Index
Feb 7.10 7.70 7 3
2026-03-16 12:30 PM
NY Empire State Manufacturing Index
Mar 7.10 -1

Components Last Previous Unit Reference
NY Empire State Employment Index 4.00 -9.00 points Feb 2026
NY Empire State New Orders Index 5.80 6.60 points Feb 2026
NY Empire State Prices Paid Index 49.10 42.80 points Feb 2026
NY Empire State Shipments Index -1.00 16.30 points Feb 2026

Related Last Previous Unit Reference
NY Empire State Manufacturing Index 7.10 7.70 points Feb 2026
NY Fed Services Activity Index -25.70 -16.10 points Feb 2026


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
7.10 7.70 39.00 -80.00 2001 - 2026 points Monthly
SA

News Stream
NY Manufacturing Activity Extends Expansion
The NY Empire State Manufacturing Index fell to 7.1 in February 2026 from 7.7 in January, compared to forecasts of 7. Still, the reading showed that manufacturing activity continued to expand modestly in New York State and firms remained optimistic that conditions would continue to improve, with employment expected to grow. New orders increased (5.8 vs 6.6), while shipments held steady (-1 vs 16.3). Unfilled orders rose (9.1 vs -8.2) and delivery times were slightly longer (4 vs 0). Inventories increased somewhat (7.1 vs -2.1), while supply availability held steady (-1 vs -4.1). Employment (4 vs -9) and the average workweek (2.1 vs -5.4) increased slightly after falling last month. The pace of input price increases (49.1 vs 42.8) and selling price increases (22.2 vs 14.4) picked up. Capital spending plans strengthened (18.2 vs 10.3).
2026-02-17
NY Manufacturing Activity Rebounds
The NY Empire State Manufacturing Index in the US jumped to 7.7 in January 2026 from a revised -3.7 in December, beating forecasts of 1. The reading showed business activity in New York state rose modestly, as new orders increased (6.6 vs -1), and shipments grew at a solid pace (16.3 vs -5). Delivery times were unchanged (0.0 vs -5.9) and inventories edged down (-2.1 vs 4), while supply availability worsened slightly (-4.1 vs -6.9). Employment (-9 vs -7.5) and the average workweek (-5.4 vs 2.5) both declined after increasing over the prior two months. The pace of input price increases was little changed and remained elevated (42.8 vs 44.2), while the pace of selling price increases slowed to its lowest pace in nearly a year (14.4 vs 25.4). Meanwhile, capital spending plans grew modestly for a third consecutive month (10.3 vs 6.9) and firms remained fairly optimistic about the outlook, with half expecting conditions to improve over the next six months.
2026-01-15
NY Manufacturing Activity Unexpectedly Shrinks
The NY Empire State Manufacturing Index in the US dropped to -3.9 in December, from a one-year high of 18.7 in November, and worse than forecasts of 10, signaling a return to contraction after two months of expansion. New orders held steady while shipments fell modestly, down 23 points to -5.7. The inventories index came in at 4.0, pointing to a small increase in inventories. Delivery times shortened, unfilled orders decreased, and supply availability worsened. Employment increased modestly and the average workweek edged up. The pace of both input price increases and selling price increases moderated but remained elevated. The prices paid index dropped 11 points to 37.6, its lowest level since January; and the prices received index dropped 4 points to 19.8. Capital spending plans increased somewhat. The index for future business conditions rose 17 points to a near one-year high of 35.7, suggesting firms have become more optimistic that conditions will improve over the next six months.
2025-12-15