Empire State Manufacturing Index Rebounds Sharply in July

2025-07-15 13:05 By Dongting Liu 1 min. read

The New York Empire State Manufacturing Index surged to 5.5 in July 2025, the first positive reading since February, rebounding from -16.0 in June and sharply outperforming market expectations of -9.0.

The surprise rebound marks a return to expansion in business activity across New York State after several months of contraction.

New orders edged higher (2.0 vs -14.2 in June), and shipments also increased (11.5 vs -7.2).

Delivery times lengthened (8.3 vs 1.8), while supply availability continued to worsen (-6.4 vs -8.3).

At the same time, inventories grew significantly (15.6 vs 0.9).

On the labor front, employment increased (9.2 vs 4.7), expanding for a second consecutive month, and the average workweek also rose (4.2 vs -1.5).

In terms of prices, input cost pressures picked up (56.0 vs 46.8), whereas selling price increases remained steady (25.7 vs 26.6).

Firms grew more optimistic as the future business conditions index rose to 24.1, signaling expected activity growth.



News Stream
NY Manufacturing Activity Stalls in March
The NY Empire State Manufacturing Index in the US fell to -0.2 in March 2026 from 7.1 in February, well below forecasts of 3.2. The reading showed that manufacturing activity held steady in the New York State in March. New orders increased modestly (6.4 vs 5.8), while shipments declined (-6.9 vs -1). Unfilled orders rose (10.8 vs 9.1), delivery times lengthened (13.7 vs 4), and supply availability was slightly worse (-3.9 vs -1). Also, inventories increased (6.9 vs 7.1), employment rose modestly (5.8 vs 4) and the average workweek edged up (1.9 vs 2.1). The pace of input price increases declined significantly but remained elevated (36.6 vs 49.1), while the pace of selling price increases was little changed (21.4 vs 22.2). Meanwhile, firms remained optimistic that conditions would improve in the months ahead (31 vs 34.7), and capital spending plans strengthened (21.6 vs 18.2).
2026-03-16
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